Development status of textile machinery
Driven by the textile industry, China's textile machinery manufacturing industry has achieved considerable development. At present, China's textile machinery manufacturing industry has become a pillar industry with complete categories, meeting the needs of the textile industry, and having independent research and development and innovation capabilities.
China's textile machinery manufacturing industry has maintained a rapid development momentum in recent years. As of the end of 2010, the total assets of the industry reached 77.613 billion yuan, an increase of 27.78%; the industry achieved sales revenue of 81.565 billion yuan, an increase of 42.13%. Overall, after experiencing a decline in the industry growth rate in 2008, the scale of industry expansion has accelerated significantly, and the overall development trend is good.