China’s fixed-asset investment went up 4.2% year on year in the first two months of this year, 1.2 percentage points higher than the full-year growth rate of 2023, data from the National Bureau of Statistics (NBS) showed. The investment totaled CNY 5.08 trillion (about US$ 717 billion) in January and February combined, the bureau said in a statement.

Manufacturing investment rose 9.4% year on year during the period, accelerating by 2.9 percentage points from that of 2023. Among them, the textile industry saw 15.0% year-on-year growth.

As policies aimed at boosting effective investment continue to take effect, investment is expected to maintain steady expansion in the next stage, NBS spokesperson Liu Aihua said.

Source: CHINA TEXTILE LEADER Express