Ministry Of Industry And Commerce: 2010 Textile Industry Investment In Fixed Assets Has Increased Significantly

According to data released recently by the Ministry of industry and information technology, in 2010, driven by the global economic recovery and the full recovery of the textile industry, China's textile industry's investment belief was restored, and the investment in fixed assets increased rapidly.

Among them, the growth rate of investment in the central and western regions is higher than that in the eastern region.

Data show that in 2010 1-11 months, the total investment in fixed assets of 5 million yuan or more reached 350 billion 808 million yuan, an increase of 29.54% over the same period last year, a 20.01 percentage point increase over the same period last year, 6.84 percentage points higher than the national industrial investment growth rate.

Over the same period, the number of new projects was 7612, representing an increase of 8.82% over the same period last year, and the growth rate dropped by 15.05 percentage points over the same period last year.

Among them, the textile industry as a whole is better, textile raw materials demand continues to increase, cotton prices are rising too fast.

In addition, the data also showed that in the 1-11 months of 2010, the investment in the eastern region reached 185 billion 669 million yuan, an increase of 18.66% over the same period last year, and the investment in the central region reached 131 billion 144 million yuan, an increase of 43.84% over the same period last year. The investment in the western region was 33 billion 995 million yuan, up 46.80% over the same period last year.

According to the Ministry of industry and commerce, under the guidance of the policy of industrial pfer, investment in the central and western regions is expected to increase further.