“Wang Qianjin, chief editor from webtextiles.com, said that some textile enterprises did enjoy recovered business, boosted by the country’s stimulus measures. However, the industry’s current excess capacity may hinder its development, especially at the moment when external market demands are shrivelling…The industry’s investments have maintained double-digit growth for many years, resulting in a large amount of excess production capacity and lowered the industry’s profitability…Wang noted that the industry’s recovery depends on increasing margins, a revived environment abroad and rising market prices. .
Date:5/17/2009
Source:Manufacturing Business Technology