CHINA: Machinery Upgrade Improves Cotton Spinning Sector’s Fortunes
China's cotton spinning industry is just beginning to reap the rewards of the huge machinery upgrade that took place between 1997 and 1999, Asia Pulse reported today, but more modernisation is needed. By the end of 1999, China's cotton spinning industry had discarded 9.06 million spindles, just meeting the target set at the end of 1997. The move has brought about tremendous changes to the structure of the textile industry and helped improve the quality of economic operations of this sector.
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