export situation, China’s textile machinery exports mainly concentrate
in Asia, many countries in Asia also face adjustment of product
structure, so demand of high-end and complete sets of textile machinery
will gradually expand. China’s industry has obvious advantages compared
with textile trade powers of India, Pakistan, Bangladesh, Turkey,
particularly in cotton spinning equipment, complete sets of polyester
equipment and printing and dyeing equipment, therefore, it is an
important way to improve international competitiveness of the industry
by accelerating implementation of gradient transfer of products,
increasing direct investment in the above-mentioned areas, vigorously
implementing export strategy, and seeking for new ways of upgrading
technology”.This year is a crucial year for textile industry and
enterprises to increase structural adjustment and realize industrial
upgrading. China Ministry of Industry and Information Technology
specifies that the percentage of high-tech products in sales should
increase from original 40 percent to 60 percent, the proportion of
research and development fund of high-tech products in total corporate
sales should increase from original 2 percent to 5 percent each year .