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Textile Industry’s Fixed-asset Investment down 2.2% in First Three Quarters

2023/11/27

China’s fixed-asset investment reached about CNY 37.5 trillion (about US$ 5.22 trillion) in the first three quarters of 2023, up 3.1% year on year, data from the National Bureau of Statistics showed. During the period, fixed-asset investment in the manufacturing sector rose 6.2% year on year, 0.3 percentage points higher than the growth rate registered in the first eight months, according to the data. Among them, the textile industry saw a 2.2% year-on-year decline in the January-September period.

The country’s eastern region led fixed-asset investment growth by registering a 5.4% rise year on year during the period, while the central, western and northeastern parts of the country saw fixed-asset investment decrease by 0.9%, 0.4%, and 2.7%, respectively, the data showed.

In September alone, fixed-asset investment grew 0.15% compared to the previous month, the data showed.

Source: CHINA TEXTILE LEADER Express


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