Revenue, profits of major garment firms in China rise in Jan-April

The combined operating revenue of these 12,444 major Chinese garment enterprises grew 13.4 per cent year-on-year to 407.8 billion yuan ($63.86 billion) during the four-month period, according to the ministry statistics.

The combined output of these companies increased 23.87 per cent year-on-year to more than 7.05 billion pieces, the ministry said.

During January-April 2021, online retail sales of apparel and accessories expanded 33.8 per cent year-on-year, as per the latest statistics.

Meanwhile, garment exports soared 51.7 per cent year-on-year to $44.4 billion during the period under discussion.

ALCHEMPro News Desk (RKS)