ITMA 2023 Asia + CITME, Asia’s business platform for textile machinery, continues to draw interest for its exhibition, which has been rescheduled to take place from November 19 – 23, 2023 in Shanghai. To date, more than 1,400 exhibitors from 24 countries and regions have applied to take part in the combined exhibition. Six exhibition halls of the National Convention and Exhibition Center grossing over 160,000 square meters have been booked, according to the show owners – CEMATEX and its Chinese partners, the Sub-Council of the Textile Industry, CCPIT (CCPIT-Tex), China Textile Machinery Association (CTMA) and China Exhibition Centre Group Corporation (CIEC).
Exhibitors are also buoyant about prospects as China’s economy is projected to be performing better than expected. The International Monetary Fund (IMF) recently revised its forecast for China’s GDP growth upwards to 5.2% in 2023 from its previous projection of 4.4 percent last October. The reopening of China’s economy is pivotal for the region as China is a key driver of the expansion. Such positive news has helped textile machinery manufacturers to rebuild their confidence in the China market, said a source from CEMATEX.
