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breakthrough in the reform of state-owned enterprises , and that the textile industry retrench and eliminate 10 million outdated spindles within three years in order to complete overall structural adjustments and upgrade the industry.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