Latest statistics provided by the Ministry of Industry and Information Technology showed that China textile industry realized 95.1 billion yuan (13.9 billion US dollars) in fixed-assets investment during the first five months of 2009, with a year-on-year increase of 6 percent. By sectors, the amount put in the country’s spinning, weaving and dyeing& finishing sector of cotton and man-made fibers totaled 28.3 billion yuan during the January-May period, up 3.7 percent year-on-year; the amount put in textile product manufacturing sector and garment sector were 11.35 and 30 billion yuan, up 6.3 and 12 percent, respectively; cellulose fiber and chemical fiber manufacturing sector witnessed fixed-assets investment up 9.1 percent to 2.5 billion yuan, while synthetic fiber manufacturing sector recorded investment down 20.5 percent to 6 billion yuan in the first five months of 2009.

Source: China Textile Leader