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Fixed asset investments dip in Chinese textile sector
21
Sep '12
Despite an overall growth in Chinese textile production, there has been a marked dip in fixed assets growth. However, other growth parameters connected to the industry are in an evident decline.

In the first eight months of 2012, output growth of China's textile industry increased by 10.5 percent, which was however down 10.2 percent year on year.

The biggest negative growth was witnessed in fixed asset investment, which fell 20 percent year on year to 416.391 billion Yuan between January and July 2012.

Investments in new projects fell 9.35 percent in January-July, showing that the industry lacked confidence in investing.

Domestic retail sales rose 7.5 percent in January-August, again lower than the same period last year.

Fibre2fashion News Desk - China

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