China's textile industry takes center stage at Shanghai show
China's textile industry, known for its low-cost manufacturing, is undergoing a significant change. The world's largest textile show, InterTextile Shanghai, showcased this evolution as over 4,000 exhibitors, including a historic high of 1,000 foreign firms, displayed their latest products.
One notable innovation was Prutex Nylon's chemical recycling process, a first in China. This process allows for the sustainable recycling of nylon without the quality degradation associated with physical recycling. The company's executive vice president, Kevin Shen, emphasized the importance of innovation in maintaining a competitive edge amidst the industry's shift towards Southeast Asia.
While China's textile exports peaked in 2014, the country has since transitioned from low-end manufacturing to higher-value-added segments. This shift is evident in the increasing number of foreign exhibitors at InterTextile, solidifying China's position as a global trading center for textile fabrics.
Despite rising labor and raw material costs, China's textile industry remains competitive. In the first half of 2024, textile exports experienced a modest 1.5 per cent growth, indicating a steady upward trend. As the industry continues to evolve, innovation and a focus on quality will be key to China's long-term success in the global textile market.