China’s fixed-asset investment went up 3.2% year on year in the first eight months of 2023, data from the National Bureau of Statistics showed. The total investment stood at CNY 32.7 trillion (about US$ 4.56 trillion) in the period, the bureau said in a statement.

Investment in infrastructure construction increased 6.4% from the same period last year, and manufacturing investment rose 5.9%. Among them, the textile industry saw a 1.5% year-on-year decline in the January-August period.
High-tech industries saw rapid growth, with investment up 11.3% year on year. Specifically, investment in the high-tech manufacturing and high-tech services sectors expanded 11.2% and 11.5%, respectively.

Source: CHINA TEXTILE LEADER Express