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Sunday, April 07, 2019, 14:23
China textile overseas investment flows to BRI region
By Xinhua
Sunday, April 07, 2019, 14:23 By Xinhua

In this Sept 12, 2018 photo, towel vendor Xu Yanling, center, shows a bath towel to Indian purchasers at the Yiwu International Trade City in Yiwu, a city famous for selling small goods in east China's Zhejiang province. (TAN JIN / XINHUA)

BEIJING – Countries and regions along the Belt and Road Initiative (BRI) have become major destinations for China's overseas investment in the textile sector, an industry association has said.

Over 80 percent of the industry's global investment has flown to the BRI region in the past five years, according to the China National Textile and Apparel Council (CNTAC).

The textile industry can help industrial development, as well as create national wealth and employment in BRI regions, said CNTAC deputy director Xu Yingxin.

The CNTAC will facilitate international textile production capacity partnership, especially the development of overseas cooperation zones, Xu added.

Industrial data showed that China's textile and apparel export to the BRI region continued to grow in 2018, up 5.3 percent year on year.

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