From January to July 2007, China's investment in fixed assets of textile industry for projects with more than five million yuan amounted to 135.595 billion yuan, up 26.29 percent over the same period last year. However, this is16 points below the growth-rate in the corresponding period.
Investment growth was still faster, but the growth rate slowed down significantly, much below the national growth rate of industrial investment.
The growth rate of investment in various industries is closely associated with industry profitability, reflecting obvious market guide for investment. The slowdown in rise of investment indicates that the emergence of national control policies. In total investments, the proportion of bank loans and foreign investment dropped. Proportion of self-financing and non-state investment increased.
Lending rate increase is a direct result of lower loans to enterprises; the national monetary policy aiming at curbing excessive investment growth has been in effect. Meanwhile, under the regulation of market mechanism, diversified investment channels are evident, growth of independent investment has increased, and investment structure is more reasonable.
From January to July, China's import value of various textile machinery increased 24.14 percent over the same time last year. Advanced equipments of shuttleless looms, automatic winders, as well as automatic and semi-automatic air spinning machines represented greater import growth. It reflects that the investment of textile industry has been focused in technological progress and industrial upgrading, not on low-level and redundant construction.
Fibre2fashion, News Desk - China
marketing@alchempro.com
