The Cost Is Too High To Maintain Xinjiang'S Textile Industry.

"In recent years,

The textile and garment industry has become the fastest growing region in the country.

On March 16th, Xu Wenying, vice president of China Textile Industry Federation, said at the Fifth China Asia Europe Expo textile and clothing exhibition.

Data show that in 2015, the fixed assets investment in Xinjiang's textile and garment industry reached 31 billion 800 million yuan, an increase of 2.3 times compared with 2014, and more than 380 new textile and garment enterprises.

Jinsheng, Tianhong, Hong Kong beans, and other well-known textile and garment enterprises have invested in Xinjiang. The enterprises such as Huafu, Ruyi, Xinye and Huamao invested in Xinjiang have also speeded up their capacity expansion.

The five Central Asian countries adjacent to Xinjiang are 2.4 times the size of Xinjiang, and the population is 2.8 times that of Xinjiang. The annual imports of clothing are more than 50 billion yuan.

Russia's textile and garment industry can only meet 20% of the domestic market demand, mainly relying on imports. China's clothing accounts for more than 50% of Russian imports.

According to Xu Wenying, "relying on Xinjiang's unique policy advantages, geographical advantages and cultural advantages, expand the markets of Central Asia, Western Asia and Russia, with great potential and unlimited business opportunities."

And for the sake of

Attracting foreign investment and attracting more mainland enterprises to set up factories, Xinjiang has also given many new preferential policies to promote the development of the textile and garment industry: for example, the subsidy cycle of textile and garment enterprises, such as loan discount and outgoing freight subsidy, will be shortened from one year to the first quarter; the establishment of a textile and clothing industry guidance fund with a scale of about 10 billion will be used to invest in the investment of well-known textile and garment enterprises in Xinjiang investment enterprises and reduce the financing cost; three years of free rent to the labour intensive enterprises such as garments and home textiles invested by the mainland, and the establishment of special funds for the international market development of textile and garment industry.

At the same time, the national development and Reform Commission special funds for industrial development are also directed towards

The first batch of garment industry projects has already supported 7 textile and apparel projects, totaling 442 million yuan this year, and there will be three batches this year.

In 2016, the target of fixed assets investment in the Xinjiang Uygur Autonomous Region's textile and garment industry was 45 billion 500 million yuan.