China’s chemical fibre industry’s operating revenue surged 6.8 per cent year-on-year (YoY) in the January–October, 2022 period. Enterprises with annual revenues of a minimum of 20 million yuan (around $2.87 million) earned up to 903.8 billion yuan during the period, as per government data.The total profits of the East Asian country’s chemical fibre industry dropped 65.5 per cent from 2021 to 19 billion yuan, said several media reports quoting China’s ministry of industry and information technology.
In the first ten months of 2022, the total output of the industry totalled 56.25 million tonnes—a rise of 0.4 per cent YoY.
China's chemical fibre industry's operating revenue surged 6.8 per cent YoY in January–October, 2022. Enterprises with annual revenues of a minimum of 20 million yuan (around $2.87 million) earned up to 903.8 billion yuan during the period. The total profits of the country's chemical fibre industry dropped 65.5 per cent from 2021 to 19 billion yuan.
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