China to step up investment in textile industries of BRI countries

BEIJING - China will step up its efforts to boost investment in the textile industry in Belt and Road (B&R) countries, according to the China National Textile and Apparel Council (CNTAC).

Reporting the initiative, China's State newsagency, Xinhua, said dthat, in recent years, CNTAC had helped Chinese textile and apparel firms understand the foreign investment environment.

Quoting Gao Yong, the Council's Party secretary, Xinhua said that, CNTAC would continue to facilitate investment in B&R countries, and push forward production capacity co-operation in the textile sector.

It said more than 80% of the Chinese textile and apparel industry's global investment flowed to the B&R region from 2015 to 2018.  www.webershandwick,cn (ATI).