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Rise in assets of Chinese textile industry
Feb '13
The total assets with the Chinese textile industry galloped to 88.791 billion yuan, up 8.81 percent year-on-year, at the end of November 2012, according to statistics.
The rise in assets was due to a rise in income of Chinese textile enterprises.
The sales of Chinese textile industry totaled 100.376 billion yuan from January to November 2012, showing a year-on-year growth of 6.61 percent, according to data from the National Bureau of Statistics.
During the initial 11 months of 2012, the value of industrial sales made by the Chinese textile machinery industry grew at a year-on-year rate of 97.82 percent to 99.855 billion yuan.
The sales rate was 97.82 percent, i.e. 97.82 percent of the goods produced by the textile machinery industry were sold, up 0.39 percent year-on-year.
The finished but unsold products were worth 4.201 billion yuan, up 17.88 percent year-on-year.

Fibre2fashion News Desk - China

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