Domestic And Foreign Cotton Spinning Group Invest In Xinjiang
In recent years, more than 20 major domestic and foreign groups such as Zhejiang YOUNGOR group, Jiangsu Huafang group, Saudi Arabia and argillan company have invested in textile industry in recent years, and Xinjiang is gradually changing from the high quality cotton planting base to the Chinese cotton textile industrial base. "Xinjiang"
Since 2003, the investment scale of Xinjiang's cotton textile industry has increased by 10% annually.
Last year, the investment in Xinjiang's cotton textile industry reached 2 billion 100 million yuan, which is expected to reach 2 billion 300 million yuan this year.
At present, the scale of Xinjiang's cotton textile production has reached 3 million 500 thousand, ranking the highest in twelve provinces and municipalities in the western region.
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