Sales Of Textile Machinery Industry Reached A New High In The First Three Quarters

Gao Yong, vice chairman of China Textile Industry Association and honorary chairman of China Textile machinery and equipment industry association, analyzed the trend of the textile machinery market since this year, and made a detailed explanation and forecast of the cotton price, exchange rate and inflation that the enterprises are paying close attention to at present.

Wang Shutian, director of China Textile machinery and equipment industry association, analyzed and predicted the market trend of textile machinery in 2011.

Next year, he thinks.

From 1 to August this year, China's textile machinery market demand increased obviously, showing a gratifying situation of booming production and marketing and insufficient supply of products.

The whole industry achieved a record high sales revenue of 56 billion 990 million yuan, an increase of 50.16% over the previous year, an increase of 56.18% compared with the average value of 36 billion 490 million yuan in the first 3 years.

The total profit of the whole industry reached 3 billion 418 million yuan, up 1.72 times compared with the same period last year.

From 1 to September, the total import and export volume of China's textile machinery amounted to US $4 billion 315 million, an increase of 59.09% over the same period last year.

Of which, exports of US $1 billion 242 million, an increase of 44.82% over the same period, and imports of US $3 billion 74 million, an increase of 65.69% over the same period last year.