Fixed Assets Investment of China's Textile Industry Reaches RMB68.1b
Source: mofcom Date: 2009-06-09
From January to April this year, China’s textile industry achieved fixed assets investment of RMB68.1b, up 1.6% year-on-year, and the growth rate dropped 16 percentage points year-on-year.
The total investment in textile industry was RMB38.1b, with a slight decrease over the same period of last year, including cotton, of which, the chemical fiber dyeing and finishing textile industry declined by 3.5% year-on-year, woolen textile and dyeing and finishing industry fell 4.2%, and manufacturing of textile finished products fell 1.9%; chemical fiber manufacturing actually finished investment of RMB6.3b, down 16.8% year-on-year; garments manufacturing actually finished investment of RMB22.3b, with an increase of 12.5%.
The investment of central and western regions was more than that of the eastern region. From January to April, Jiangsu, Shandong and Henan ranked top three in the amount of fixed asset investment in textile industry. The growth rate of fixed assets investment in Shanxi, Jilin, Anhui, Jiangxi, Hainan, Shaanxi and Gansu provinces was more than 50%, with Jilin increasing 189%, Jiangxi growing 82% and Anhui rising 59% year-on-year. The investment in Tianjin, Shanghai, Shandong, Hubei, Guangdong, Yunnan, Ningxia, Qinghai and Xinjiang showed a decline, with Guangdong decreasing 34%, Shandong falling 28% and Zhejiang declining 26% year-on-year.
