Textile Industry Fixed Asset Investment Growth Slowed Down 11.50% Over 07 Years
Statistics released yesterday by the China Textile Industry Association show that in the first half of this year, China's textile industry invested more than 5 million yuan in fixed assets investment projects, which increased by 14.24% yuan, up by 14.24% compared with the same period in 2007. The growth rate was 11.50% lower than that in the first half of the year.
According to the survey report, China's textile industry started 3220 new projects in the first half of this year, a decrease of 11.1% over the previous year. The growth rate of textile sub sectors has been reduced, especially the prices of all kinds of chemical fiber products have dropped significantly, while the growth rate of the chemical fiber industry has also maintained a certain position. The chemical fiber enterprises in the second half of this year will be more difficult.
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