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January-August Textile Machinery Imports Hit 3.14 Billion USD
Source: Globecot Date: 2007-12-12
China's continued record fixed asset investment in the textile and apparel sector has led to 3.14 billion U.S. dollars worth of textile machinery imports during the January through August period. This total reflected 25.5 percent year-on-year growth and an escalation of import growth. The largest block of machinery imports came from foreign-owned mills, which accounted for 1.43 billion U.S. dollars of the import volume. Nearly 80 percent of all imports came from Japan and Europe.