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Investment Growth In China'S Textile Industry Dropped Sharply Compared With The Same Period Last Year.

2008/8/29 16:21:00 18

Since the beginning of this year, China's textile enterprises have little confidence in the investment prospects of the industry due to the increasing pressure from the development of the industry and the decline in profitability.

In addition, under the influence of macroeconomic regulation and control, the capital environment of enterprises is generally tight, making the investment growth of China's textile industry substantially lower than that of the same period last year, and significantly lower than the growth level of fixed asset investment in China.

The latest statistics from the Statistics Center of China Textile Industry Association show that in July of this year, the fixed assets investment of China's textile industry more than five million yuan, though maintained a 13% growth, decreased by thirteen point one five percentage points compared with the same period last year, but also lower than that of the whole city's fixed asset investment growth rate of about fourteen percentage points during the same period.

From the perspective of sub sector investment, the investment scale of the cotton spinning industry has shrunk compared with that of the same period last year, while other industries have continued to grow. However, the growth rate of investment in silk, finished goods, knitting, clothing, chemical fiber, textile machinery and other industries has dropped at different levels compared with the same period last year.

Among them, the most prominent drop in investment growth is the textile machinery industry.

From the perspective of the regional structure of investment, the growth rate of investment in Western China has continued to accelerate this year, and the trend of textile industry pferring to the central and western regions is more obvious.

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 industrial structure and the increasing pressure of comprehensive factor cost, the investment activity of the eastern textile enterprises is obviously insufficient, and the pace of investment is slowing down.

Two 00. Eight years ago, in July, the investment in textile projects in the eastern region of China increased by only three point one four percent, which was seventeen percentage points lower than that in the same period last year. In the same period, the investment growth rate in the central region was also reduced by fifteen percentage points compared with the same period last year, while the investment proportion in the western region increased by two percentage points.

It can be seen that the pace of regional structural adjustment in China's textile industry is deepening.