Three Changes In Textile And Garment Industry Investment

The growth rate of investment in fixed assets dropped sharply, the growth rate of textile machinery industry dropped most prominently, and the growth rate of investment in the western region continued to accelerate. There were three obvious changes in the textile industry.

According to the latest statistics of the National Bureau of statistics, the fixed asset investment of China's textile industry over 5 million yuan in July has maintained an increase of 13.14%, but it dropped by 13.15 percentage points compared with the same period last year. It is also lower than the growth rate of fixed asset investment in the whole country in the same period of 14 percentage points. At the same time, the number of new projects that reflected the level of investment activity was 10.47% lower than that in the previous year in July.

A report released by the China Textile Industry Association showed that in January 2008 ~7, the output of most textile products produced by China's textile enterprises above designated size was significantly slower than that of the same period last year.

"Due to the severe impact of the overall development of the textile industry, some manufacturers are unable to invest in technology upgrading and equipment pformation, resulting in a weak market demand for textile machinery."

China Textile Economic information network industry analyst Liu Xin said.

The eastern coastal area has always been an important textile Province in China, but in recent years, influenced by factors such as the continuous adjustment of the industrial structure and the increasing pressure of the comprehensive factor cost, the investment activity of the eastern textile enterprises is obviously insufficient, and the pace of investment is slowing down.

Although the growth rate of investment in the central and western regions is also affected by the overall investment sluggish, it has declined compared with the same period last year, but the proportion of total investment in the whole industry is still increasing.

"The trend of textile industry shifting to the central and western regions is more obvious. The pace of regional restructuring of China's textile industry is deepening."

Liu Xin said.