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Textile companies ‘reluctant to invest’ in machinery

01/02/2016

A Chinese government programme to invest in textile making in Xinjiang province created a demand for machines and helped offset a reluctance to invest in other areas, according to Swiss machinery maker Rieter. It earned CHF 139.8 million ($137 million) from China in 2015, 20% lower than its sales for 2014. The Indian market was stable with sales ...

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