Interviews
Investor confidence in China's textile sector dips
12 Sep '12
1 min read
It seems that the investor confidence in China’s textile industry has taken a dip as the growth rate of new investment has slowed down this year.
From January to July 2012, China’s textile sector attracted total investment of 416.4 billion Yuan in fixed assets for projects above 5 million Yuan, according to the data of the National Bureau of Statistics.
The investment in textile sector grew at 16.9 percent year-on-year, showing a decline of 19.5 percent over the same period of 2011.
There were 7945 textile projects that attracted investment during the seven-month period, registering a year-on-year fall of 9.4 percent, a decrease of 6.3 percent compared to the same period last year.
Experts attribute the decline in investments in new projects in the Chinese textile sector to the ongoing slowdown in the industry.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Salvatore Piccione
Label - Salvatore Piccione
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
