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China's textile industry witnesses robust growth in 2021 1st 10 months

16 Dec '21
1 min read
Pic: Wang Song | Dreamstime.com
Pic: Wang Song | Dreamstime.com

China's textile industry continued steady expansion in the first 10 months of 2021, according to data from the ministry of industry and information technology. The combined operating revenue of major textile enterprises rose by 14.2 per cent year on year (YoY) to top 4.13 trillion yuan ($650.4 billion) during the period, the statistics showed.

These firms raked in total profits of 198.3 billion yuan, soaring by 29.7 per cent over a year earlier, the ministry said.

China's online retail sales of clothing products grew 14.1 per cent YoY in the January-October period, hitting 3 per cent average growth over the past two years, official Chinese media outlets reported.

The country's garment and textiles exports rose by 5 per cent YoY to $256.5 billion in the period, with the exports of clothing products surging by 25.2 per cent to $138.9 billion.

Fibre2Fashion News Desk (DS)

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