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Investment in fixed textile assets grows this year

01
Jun '07
In January to April this year, China's total investment in fixed assets of textile industry increased by 28.4 percent over that in the same period last year. Exports of Chinese apparel and clothing accessories also showed positive growth over the same period.

According to the latest data from the statistics center of China Textile Industry Association, country's investment in fixed assets of textile industry grew steadily during the first four months this year.

By April, the total investment in fixed assets of hemp & flax spinning and weaving industry increased 54.87 percent over the same period last year.

During January to April, the total investment in fixed assets of chemical fiber industry gained 36.57 percent over the same period last year.

Cotton textile industry saw an increase of 29.12 percent in total fixed assets investment during the period, while garment industry gained a growth of 37.96 percent in total fixed assets investment in the said period.

In addition, the latest statistics released by the General Administration of Customs show that export of Chinese apparel and clothing accessories increased by 17.4 percent.

In January to April this year, exports of textile yarn, fabrics and apparel grew by 10.5 percent over the same period last year. Footwear exports rose by 14.4 percent over the corresponding time last year.

Fibre2fashion, News Desk - China


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