The total added value of these companies rose by 0.9 per cent YoY during the period.
The combined sales of main retailers were worth 8.12 trillion yuan in H1 2022—up by 0.8 per cent from a year earlier. Garment exports amounted to $156.5 billion—a rise of 11.7 per cent, an official news agency reported.
A 17 per cent YoY decline in total profits of these companies and slight drops in yarn, cloth and garment output were also witnessed. The textile sector's employment levels went down mildly as well.
ALCHEMPro News Desk (DS)
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