According to the National Bureau of Statistics, in 2023, the investment in fixed assets (excluding rural households) nationwide was CNY 50.3 trillion, up by 3.0% over the previous year, with a growth rate of 0.1 percentage point faster than that from January to November of 2023, of which the investment in manufacturing increased by 6.5%, with a growth rate up by 0.2 percentage point. On a month-on-month basis, the investment in fixed assets (excluding rural households) increased by 0.09% in December.

By industry, from January to December in 2023, the fixed assets in the manufacturing industry grew by 2.1% year-on-year. Among them, capital invested in the textile industry declined by 0.4% year-on-year.

Source: CHINA TEXTILE LEADER Express