In recent years, Ningxia has achieved rapid development in textile industry, especially the cashmere and wool textile industry.
Up to now, Ningxia has 10 cashmere enterprises ranking in the top 500 in Chinese textile industry. Today, Ningxia has become an important international raw cashmere distribution center and processing base. The textile industry has become a pillar industry in Ningxia. From Jan. to July this year, the sales income of statistics-worthy textile enterprises (whose annul sales output beyond five millionyuan) in this province grew 42.82% over the previous year; export value increased by 94.76%. And total profit from Jan. to May increased by 159.8%.
Ningxia formed four major sectors in textile industry as cashmere garment, suits, Muslim clothing, and fur clothing. Especially the cashmere industry, its output accounted for 70% of domestic production, and 60% of the whole world. The annual production value reached nearly eight billion yuan. It has become the country's major distribution center and processing base of cashmere products.
