Nearly 100 Jiangsu enterprises showcased their fashionable new products, new materials and new technologies to highlight the creation of a new industrial ecosystem by Jiangsu’s textile and garment sector at the China International Apparel & Accessories Fair held recently in Shanghai.
Textile enterprises from Jiangsu have become the vane of transformation and upgrading of the industry. Whether it is yarn fabrics, clothing and textile machinery, "Internet +" has penetrated into the entire industry chain from design, manufacturing to marketing. All companies from Jiangsu are proud to hawk their new materials and new technological achievements in front of the domestic and foreign merchants.
The Hong Dou Group and the Chinese Academy of Sciences have joined hand to develop a wearable smart warming garment over the course of 3 years. This year, graphene clothing will account for about 40% of Hong Dou’s autumn and winter clothing. Yueda Home Textile released its 2019-2020 home textiles to the world, thanks to the investment of hundreds of millions of yuan over the years to carry out intelligent transformation of the production equipment.
In the context of the severe international economic and trade situation and rising raw materials and labor costs, Jiangsu’s textile and garment industry continued to achieve positive growth last year by relying on intelligent innovation, continuous innovation of products and business models.
According to this year’s two sessions, the central government will reduce the value-added tax on textile and other manufacturing industries by 3% and lower the social security threshold. The tax cut and fee reduction is a major profitable trend for the development of labor-intensive enterprises and resource-intensive enterprises such as textiles. It is estimated that the value-added tax of Jiangsu, the largest textile manufacturing province in the country, will be directly reduced by several billion yuan.
(Source: ourjiangsu.com)
