Textile/Apparel Fixed Asset Investment Soars in August
Source: globecotnews Date: 2007-09-29
China's fixed asset investment in new textile and apparel equipment reached an incredible 19.53 billion yuan in August (equivalent to 2.60 billion U.S. dollars), surpassing all other competitors. This amount pushed total January through August cumulative fixed asset investment in the industry to a new record of 143.05 billion yuan, reflecting 32.7 percent year-on-year growth. Investment in textiles has grown 25.9 percent to 96.47 billion yuan during the period, while investment in apparel, footwear and headwear has soared 49.3 percent to 46.58 billion yuan.
