China : Investment in China's wool sector surges in Jan-Sept

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Investment in China's wool sector surges in Jan-Sept

29
Dec '12

Large-scale wool dyeing and finishing firms in China invested 17.031 billion yuan from January to September 2012, registering a year-on-year growth of 47.47 percent, according to the data released by the National Bureau of Statistics.

At present, 182 wool textile projects are under construction, a decline of 34.77 percent year-on-year. Of this, 127 are new projects, showing a dip of 38.05 percent.

As of September-end this year, the number of wool textile projects that got completed is 85, down 29.75 percent year-on-year.

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