The invention provides a color-spun polyester-viscose fabric and a production method thereof. Four-time continuous hair grabbing is adopted in hairiness grabbing and shearing, one-time hairiness shearing is realized, integral molding is realized, the production efficiency is improved, relatively large tension force is used in the first-time hairiness grabbing to facilitate quick fuzzing, relatively small tension force is used in the second-time and third-time hairiness grabbing to avoid damaging the fabric surface, grabbed hairiness is denser and more uniform, relatively large tension force isused in the fourth-time hairiness grabbing to comb the grabbed hairiness so as to facilitate subsequent hairiness shearing, hairiness grabbing and shearing are uniform through control of the tensionforce in the four-time hairiness grabbing, the fabric is good in wool-like effect, is fluffy and soft in hand feel and is resistant to fuzzing and pilling, difficult in hair slip, good in water washing appearance, comfortable to wear and excellent in antistatic property, the method is advanced and reasonable in processing flow, the product quality is stable, the method is simple and reliable, is high in production rate, short in period and high in color fixation rate and reduces sewage discharge from the perspective of energy saving and environmental protection, the product quality can be improved, and the fabric is good in quality sense and excellent in market economic benefit.