Jiangsu marks strong investment in textiles making

26 May '08

1 min read

According to the information released on May 23 from Jiangsu Provincial Bureau of Statistics, in the first quarter of this year, manufacturing investment of Jiangsu Province maintained rapid growth momentum, but after getting into the second quarter, its growth slowed down significantly.

From January to April, manufacturing investment in cities and towns within the province completed more than 131.76 billion yuan, a year-on-year growth of 19.8 percent. However, this is 9 percentage points below the growth rate of the same time last year, and 5.2 percentage points less than 25.0 percent of the first quarter of 2008.

From sub-industries, among 30 major sectors, eight sectors saw investment decline compared to the same period last year.

Among them, textile industry completed 8.433 billion yuan, falling 1.4 percent. Textiles and clothing, shoes, hats and other accessory manufacturing recorded investment of 3.859 billion yuan, dipping 0.1 percent.

Leather, fur, feathers and its products industry marked 518 million yuan, down 29.1 percent and chemical fiber industry touched 2.1 billion yuan, sliding 1.8 percent. Crafts and related manufacturing industry attracted 2.41 billion yuan, dropping 11.9 percent.

Fibre2fashion News Desk - China

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