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Textile industry investment growth rates register a decline

10
Nov '08
According to textile economic operations data collected by National Cotton Market monitoring system, from January to September 2008, growth rates in fixed asset investment in textile, cotton textile and garment manufacturing sectors in all regions fell significantly from the same period last year, especially in Shandong Province where, investments in cotton textile sector particularly fell by an astounding 31.71 percent from the same period last year.

From January to September 2008, fixed asset investment within the country's textile industry grew 3.61 percent year-on-year, but growth rate fell 21.61 percent from the same period last year. Of which, central and western regions realized a year-on-year growth of 19.69 percent and 17.72 percent, respectively while falling by 23.37 and 10.55 percent from the same period last year.

From January to September 2008, investments in fixed assets of the country's cotton textile industry fell 2.29 percent year-on-year while growth rate declined by 27.53 percent over the same period last year. Of which, central region grew 17.11 percent though growth rate dropped by 28.71 percent over the same period last year.

Investments in southeast coastal areas, western region and Shandong Province fell 5.24 percent, 6.26 percent and 31.71 percent, respectively from the same period last year, while investments in the same areas increased 39.57 percent, 2.22 percent, and declined 0.05 percent, respectively over the same period last year.

From January to September 2008, fixed asset investment in overall garment manufacturing sectors grew 20.38 percent year-on-year, but growth rate fell 25.35 percent over the same period last year. Of which, investment in Shandong Province declined 0.95 percent while it witnessed a growth in all the other regions.

Central region grew 48.95 percent year-on-year, but growth rate dropped 30.84 percent over the same period last year; southeast coastal areas increased 4.05 percent, but growth rate fell 21.07 percent over the same period last year while investment in the western region grew 45.71 percent, but growth rate declined 49.07 percentage points over the same period last year.

Fibre2fashion News Desk - China


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