Industry Upgrading-Aiming at the Targeted Market Demand of New Century

According to the projections from relevant sources, in the next 50 years, the world fiber consumption will continue to grow at the rate of 2% annually, and the fiber growth will rely largely on the increased production of chemical fiber and other new fibers. And also from international sources, about a quarter of the existing yarn-spinning capacity is excessive, and 13% of the weaving capacity is also overloaded on a global basis. Therefore, it can be affirmed that in the early days of the new century, the market of China's textile machinery rests largely with the renovation and technical upgrading programs in the existing capacities in our textile industry, apart from a few capacity-in-creasing proiects