China still remains a textile force

China accounts for 43 per cent of the global cotton spinning capacity and over 54 per cent of global fiber consumption and 38.53 per cent of global textile and apparel exports. In the first seven months of 2016, China’s investments in the textile and apparel industry were up 7.29 per cent year on year. In the same period, textile enterprises’ prime operating profits were up 4.54 per cent year on year.

Stricter requirements are being put on chemical safety control and carbon emission, environment-friendly technology and standards. Taxes will be levied on air pollutants, water pollutants. China remains the largest supplier of textiles and apparel to the US market, accounting for a share of 38.92 per cent in 2015, a slight improvement from 38.74 per cent in 2014. In the Japanese market too, Chinese suppliers dominate with a share of as much as 64.53 per cent in 2015, which has come down slightly from 67.39 per cent in 2014.

In the first half of 2016, water consumption of textile companies fell 2.9 per cent year on year, 1.1 percentage points higher than that of all industries. It is expected that over the next 15 years, China, Uzbekistan, Pakistan and India between themselves will have around 100 million spindles.