A collection of textile companies in China's Jianxi province have banded together to form the Jianxi Textile Group Corporation.

Textile enterprises in Jiangxi Province have thrived in recent years as they took advantage of the expanding macro economy to explore their production and market potential. As a result, the textile industry has significantly increased its output and sales.

Enterprises under the group reduced losses by 150m yuan ($18.13m) in 1996 and by over 60m yuan in 2000. Of the whole group, the Jiangxi Chemical Fibre Company reported the best all-round improvement in various technical and economic indexes including production, sales, quality, consumption and repayment of loans.