China textile industry realized 272.44 billion yuan (39.89 billion US dollars) in fixed-asset investment for 2008, and the growth rate was 6.75%, 18.99 percentage points slower than the year-ago level, or 18.75 percentage points lower than that of the country’s overall investment on fixed assets during the same year. Data also showed that the amount put in eastern textile industry declined by 3.20% in 2008. Guangdong province saw mounting fixed-asset investment with the annual growth rate of 19.85%, while other major textile-producing provinces located at East China suffered unprecedented negative growth. The amount put in the central and western region soared significantly in 2008 with the growth rate of more than 30 percent.

Source: China Textile Leader