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Investments in textile sector grow marginally in 2008
02
Mar '09
According to the "2008 Bulletin of National Economic and Social Development Statistics" China's total fixed asset investment in 2008 touched an awesome 17.22 trillion Yuan, up 25.5 percent year-on-year.

Out of which, investments in urban areas compromised 14.81 trillion Yuan, a year-on-year increase of 26.1 percent, when compared with that in 2007 and the rest was invested in rural areas of China.

Investment in the textile sector amounted to 153.4 billion Yuan, thereby, representing a year-on-year increase of only 1.3 percent, while investments in garments and hat manufacturing reached 89.6 billion Yuan, up 19 percent.

Fibre2fashion News Desk - China

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