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Overall investment of garment industry in 2006

02
Mar '07
The investment by garment industry accounted for 42.11 percent of the total investment of textile industry in 2006. On the whole, investment increased by 46.67 percent compared with 2005, growth rate slightly lower than that in 2005.

The investment activities of several inland provinces, like Jiangxi, Henan, Anhui, Chongqing, Hubei and Jilin, were very active. The growth rate of Jiangsu, Zhejiang, Guangdong and Fujian was also higher than the average growth rate of the country. The investment completed by Shandong province was basically same with 2005, but investment scale ranked first in the country.

Compared with textile industry, in garment industry, investment from overseas, Hong Kong, Macao and Taiwan enterprises accounted for a larger proportion. The investment from these two sources formed 30.90 percent of the total investment in garment industry, 16.47 percent higher than that in textile industry.

The average investment amount of a single project expanded 9.35 percent.

Investment went into technical transformation in 2006. Enterprises completed heavy technological reform investment to improve labor productivity and processing quality.

The fixed assets of garment industry accounted for 26.27 percent of the total assets, decreasing slightly by 0.5 percent from 2005.

Fibre2fashion, News Desk - China


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