Xinjiang is becoming the hottest area for investment in the textile industry

Recently, an estimation report issued by the People's Government of the Autonomous Region to the Ministry of Finance shows that Xinjiang is becoming the hottest area for investment in the textile industry. At present, my country's cotton yarn market has shown a three-legged pattern of traditional inland yarns, imported low-grade yarns, and Xinjiang yarns that are 'rising against the trend'.　　 At present, the cotton yarn produced in Xinjiang is 3,600 yuan per ton cheaper than coastal areas and 4,600 yuan cheaper than Vietnam...With the influx of foreign cotton yarn and the rising price of domestic cotton, domestic textile enterprises’ investment in Xinjiang has quietly become a hot spot. With the support of national policies, many leading mainland cotton textile enterprises, such as Huafu Mélange, Tianhong Textile, Henan Xinye, etc., have invested in Xinjiang to build factories. By the end of 2015, Xinjiang's cotton spinning production capacity had reached 12 million spindles. Last year, Xinjiang cotton yarn emerged as a new force in its comparative advantages with inland yarns and imported yarns, seizing market share in all aspects. Nowadays, the newly launched spinning project in Xinjiang has advanced technical equipment and complete product grades. Tens of thousands of Xinjiang yarns are becoming the backbone of resisting the impact of foreign cotton yarns.　　 Xinjiang, as the main cotton producing area in my country, cotton resources account for more than 60% of the national output, and an industrial system dominated by cotton spinning and viscose fiber has initially formed. The advantages of cotton resources, land resources, energy resources, and local industrial assistance actions have laid a solid foundation for Xinjiang to develop the textile and garment industry, and the textile and garment industry is becoming a key pillar industry that drives Xinjiang's employment. According to statistics, in 2016, Xinjiang's textile and garment industry invested 47.97 billion yuan in fixed assets, a year-on-year increase of 50.9%; the number of textile and garment enterprises reached 1964, an increase of 504 from the end of 2015. It is estimated that by 2020, Xinjiang will basically build an important national cotton spinning industry base, a clothing and apparel production base in the northwestern region and the core area of u200bu200bthe Silk Road Economic Belt, and a westward export distribution center.　　 The textile industry is a traditional pillar industry in my country, an important civilian production industry, and an industry that creates new international advantages. It is an industry that combines technology and fashion, clothing consumption and industrial use. Because the development of Xinjiang's textile industry is affected by the strategic adjustment of China's economy in a specific period, it has a special trajectory. In the process of undertaking the transfer of the textile industry from the eastern and central regions, the Xinjiang textile industry should combine its own unique advantages to form its own label. Excluding regional and national characteristics, green manufacturing and responsible development will become the brand-new shining point of the Xinjiang manufacturing brand. Seize the “niubi” of Xinjiang’s economic development, rely on Xinjiang’s cotton resources, and seize strategic opportunities to create a beautiful brand that can reflect Xinjiang’s characteristics. Article Keywords: 　Cotton Yarn Xinjiang Yarn Investment