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China's garment industry continues to expand in Jan-Sept 2021

16 Nov '21
1 min read
Pic: Waihs | Dreamstime.com
Pic: Waihs | Dreamstime.com

China's garment industry continued to expand in the first three quarters of 2021, reporting growth in production, revenue and profit, according to official data, which showed that from January to September, the combined operating revenue of 12,557 major Chinese garment companies was nearly 1.05 trillion yuan ($163.9 billion), up by 9 per cent year on year.

According to the ministry of industry and information technology, total profits of these companies rose by 5.8 per cent from the same period last year to hit 45.7 billion yuan, with the combined output expanding 9.3 per cent year on year to 17.1 billion pieces.

China's online retail sales of garments climbed 15.6 per cent year on year in the period, and its exports of garments and accessories surged by 25.3 per cent to $122.4 billion, official Chinese media reported citing the ministry data.

Fibre2Fashion News Desk (DS)

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