Location: Home > textile information
Fixed Asset Investment in Textiles/Apparel Soar 30.7 Percent
Source: globecotnews Date: 2007-12-04
China's overcapacity problem in sectors of the textile and apparel industry is showing no signs of going away anytime soon, and one reason for this is continued investment in new equipment and plants. January through October cumulative fixed asset investment in textiles and apparel reached 182.33 billion yuan (24 billion U.S. dollars), which was up 30.2 percent from last year's record level.
