Textile Industry Reduced 5.12 Million Spindles Last Year ����Thanks to the strenuous efforts of the numerous workers, China's textile industry phased out altogether 5.12 million spindles and 0.66 million textile laid-off staff and workers were diverted to other jobs last year. The whole industry decreased deficit by 2.6 billion yuan. ����At the beginning of last year, the CPC Central Committee and the State Council required that the textile industry be taken as the breakthrough in the reform of state-owned enterprises , and that the textile industry retrench and eliminate 10 million outdated spindles within three years in order to complete overall structural adjustments and upgrade the industry. ���� HomeNews 1999-01-20 Page1 Full Story in Chinese