Textile Industry Rapidly Increases Investment in Fixed Assets in 2010

According to data released yesterday by the Ministry of Industry and Information Technology, in 2010, driven by the recovery of the global economy and the overall recovery of the textile industry, investment confidence in the textile industry in China has been restored, and investment in fixed assets has grown rapidly. Among them, the growth rate of investment in the central and western regions was higher than that in the eastern region, and the proportion of investment in the total investment in the industry continued to increase.

Data show that from January to November 2010, the total investment in fixed assets of over 5 million yuan was 350.08 billion yuan, an increase of 29.54% year-on-year, an increase of 20.01 percentage points over the same period of last year, and 6.84 higher than the national industrial investment growth rate. percentage point. In the same period, the number of new projects started was 7612, a cumulative increase of 8.82% year-on-year, a 15.05 percentage point drop from the same period of last year.

Among them, affected by the overall improvement of the textile industry, the continuous increase in demand for textile raw materials, the rapid increase in cotton prices, the increase in the use of chemical fiber by textile companies, and the low base of investment in 2009, the investment in the chemical fiber industry from January to November 2010 Growing rapidly. The actual amount of investment completed has increased by 49.30% year-on-year, an increase of 63.6 percentage points over the same period of last year, and the number of new projects has increased by 24.80% year-on-year, an increase of 7.75 percentage points over the same period of last year. The Ministry of Industry and Information Technology pointed out that China’s chemical fiber production capacity has accounted for about 60% of the world, and rapid investment growth will increase industry risks. Enterprises should strengthen risk monitoring.

In addition, the data also showed that from January to November 2010, the investment in the eastern region reached 185.667 billion yuan, an increase of 18.66% year-on-year; the investment in the central region reached 131.144 billion yuan, an increase of 43.84% year-on-year; the investment in the western region was 33.995 billion yuan, year-on-year. Increased by 46.80%. According to the Ministry of Industry and Information Technology, under the guidance of the industrial transfer policy, investment in the central and western regions is expected to increase further, and the regional structure of the textile industry will be further optimized.