Home breadcru News breadcru Announcement breadcru China's textile sector's operating revenue up 13.5% YoY in Jan-Feb

China's textile sector's operating revenue up 13.5% YoY in Jan-Feb

04 Apr '22
1 min read
Pic: chinahbzyg / Shutterstock.com
Pic: chinahbzyg / Shutterstock.com

The collective operating revenue of China’s textile companies with an annual operating revenue of 20 million yuan (about $3.15 million) or above increased by 13.5 per cent to reach 706.9 billion yuan, compared to the previous year, according to the Ministry of Industry and Information Technology (MIIT). The industry’s added value recorded a 6.7 per cent year-on- year (YoY) growth in the same period.

However, the collective profits of the industry reduced 1.8 per cent YoY to reach 24.8 billion yuan in January-February 2022.

The country’s total textile exports in the two months increased by 11.9 per cent YoY to touch $24.7 billion, MIIT data showed.

ALCHEMPro News Desk (KD)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!