Although hit by the financial crisis, but actually completed investment in the Chinese textile industry has maintained its growth momentum in domestic and foreign investment performance of the textile during the period quite different: investment in domestic enterprises as a whole pulling large, the private sector outstanding contributions; and Hong Kong and Macao Taiwan and foreign business investment fell significantly.
Since the China Textile Industry Association was informed that in November 2009 to a Chinese textile industry for more than 5 million yuan in fixed assets investment projects, the total actually completed a total investment grew about 10 percent growth rate over the same period increased by 0:00 78 percentage points; investment growth continued to rise, the development of the textile industry continued to improve.
Lateral view, despite the growth rate of investment compared with China's textile manufacturing industry all over the country about the low level of growth into a 7 17 percent, but because of China's textile industry is a competitive industry, the efficiency of market allocation of resources is still an advantage. As a leading indicator for investment growth, in November last year the number of new projects of textile increased by two into four, obviously more than 30 percentage points higher than the same period last year, and has been steadily rising since the beginning of this year marked the trend, this shows that the Chinese textile enterprises on the market confidence growing.
It is noteworthy that investment in domestic enterprises show great vigor, pulling clear of the sector investment, while Hong Kong, Macao and Taiwan and foreign investment growth rate declined significantly. Insiders pointed out that there are three major factors that caused by shrinking foreign investment: first, under the impact of the financial crisis, a lot of orders for export-oriented enterprises significantly reduced while the crisis has also resulted in some of corporate assets shrink, businesses reduced ability to reinvest.
Secondly, the Chinese yuan appreciation pressures, land and labor costs increase, and many other factors make Hong Kong, Macao and Taiwan enterprises with foreign investment income rate has dropped, thus affecting their investment plans and wishes.
Third, China's textile industry, a major competitor countries such as India and Vietnam are also being drawn up plans to take measures to attract foreign investment, which formed a big challenge to China. (China News Network) |
