By  on February 2, 2012

SHANGHAI — China has unveiled a new plan for its domestic textile industry that emphasizes the importance of moving manufacturing operations from coastal regions to the country’s interior and increased spending on advanced technologies in order to make the sector more globally competitive.

The 12th five-year plan, released by the Ministry of Industry and Information Technology just before Chinese New Year in January, indicates the country’s textile industry is more or less caught in the middle between developed and emerging markets and that it is trying to find its place.

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