China’s fixed-asset investment increased by 2.9% year on year to around CNY 46.08 trillion (about US$ 6.49 trillion) in the first 11 months of 2023, official data showed. This growth rate was the same as that of the first 10 months of this year, according to the National Bureau of Statistics.

By industry, fixed assets in the manufacturing industry grew by 6.3% year-on-year. Among them, capital invested in the textile industry declined by 0.9% year-on-year in the January-November period.

Fixed-asset investment grew 0.26% in November 2023 compared with the previous month, data from the bureau revealed.

Source: CHINA TEXTILE LEADER Express