According to data released by the Ministry of Industry and Information Technology (MIIT) of China, the Chinese light industries registered an 10.1% increase in the fixed investment in cities and counties. Of which, the Chinese textile industry made a total fixed investment of RMB 95.1 billion in the January-May period 2009, up 6% from the same period of the previous year.
Fixed investment in the segments of cotton and chemical fiber textiles as well as in those of printing, dyeing and finishing amounted RMB 28.3 billion, representing a growth of 3.7% from last year, while an amount of RMB 11.35 billion (+6.3% year-on-year) was allocated to the textile manufacturing segment. Garment makers collectively invested about RMB 30 billion (+12% y-o-y), and producers of chemical fibers and their raw materials injected an amount of RMB2.5 billion (+9.1% y-o-y). About RMB 6 billion (-20.5% y-o-y) was given to the composite-fiber manufacturing segment.
The MIIT also noted a significant increase of 27.8% in the manufacture of nonwovens to 480,000 tons in the first five months of 2009 due to the Chinese policy of domestic demand expansion and the spread of the swine influenza H1N1. Nonwoven products such as face masks and medical gowns were sought after, and production overcapacity was observed, leading to higher prices of these products in the country.
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