Along with years of rapid development of textile industry, China´s textile machinery industry also welcomed a critical developing moment. China is now becoming the world´s largest textile machinery manufacturing center, although the scale of China´s textile machinery enterprises is small in general and technologically incompetent compared with some developed countries. Contemporarily, China´s domestically made textile machinery and equipments account for as much as 80 percent of domestic textile machinery market, less than 50 percent of sales share, and only 15 percent of gross margin, the loss coverage remains high.

Source: China Textile Leader