Struggling textile industry gets boost from govt
The second half of the year will be more difficult for the Chinese textile industry because of rising labor costs and slugging international demand, said a senior government official.
The industry is also plagued by a wide gap between domestic and imported cotton prices, said Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology, at a forum on Wednesday.
The ministry will support the industry through a series of measures, including encouraging innovation in high-end textile manufacturing, cutting outdated production methods and supporting growth in the sectors of dyeing and chemical fibers.
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