The China Yiwu International Exhibition on Textile Machinery (also known as YiwuTex) has been successfully held for 18 editions and gathered extensive network resources, large customer base and high market value. The 2018 edition has been renamed ‘China Yiwu International Textile Fair’ and will be held at Yiwu International Expo Centre (Hall East 1 and 2) May 17 to 19, 2018.
The show will present four thematic zones catering to knitting, garment and printing industries, including an exhibition on knitting and hosiery machinery, an exhibition on sewing and automatic garment machinery, textile printing industry fair, and international textile expo. A comprehensive display of the world's leading textile machinery and cutting-edge technology will be showcased to build up a textile bonanza covering the entire spectrum of the industry supply chain.
‘Belt and Road’ Strategy Brought New Opportunities to Yiwu Around 15,000 foreign merchants reside in Yiwu and inspired by the ‘Belt and Road’ initiative, Yiwu opened nine railway lines and nurtured trading partnerships with 64 surrounding countries and regions. The total export of Yiwu increased 11.3 per cent and reached RMB 91.25 billion from January to May 2017. Up to 50 per cent of the increase was from countries along the ‘Belt and Road’. The wide geographical and commercial advantage has laid sound foundation for the development of textile and apparel industry in Yiwu and Zhejiang Province.
The government’s policy facilitates textile industry in Zhejiang Province The supportive policy also brings new opportunities to the textile industry in Zhejiang Province. At present, textile manufacturing is included in the implementation of ‘Upgrading of Traditional Industries Strategy 2017-2020’ in Zhejiang Province. Yiwu is the pilot city for garment manufacturing industry upgrading, which has seen government funding of RMB 30 million. Expectations are that the gross value of local garment manufacturing industry will reach RMB 36 billion by 2020, accounting for over 10 per cent of the industry gross value in Zhejiang Province.