China's textile industry reports 4.2% growth in value-added output

However, the overall revenue of the sector declined slightly by 0.5 per cent, totalling 1.49 trillion yuan. In contrast, major retailers in the textile industry saw a 5.9 per cent increase in sales, reaching 6.4 trillion yuan.

Exports of textiles and garments amounted to $90.5 billion during this period, showing a modest rise of 1.1 per cent YoY.

Most textile companies are increasing their investments in research and development. These enterprises are focusing on innovating new materials and striving to position themselves higher in the international supply chain to maintain their competitive edge. Industry experts believe that despite global volatility and domestic challenges, the textile industry remains a crucial economic pillar with significant scale and employment, as per Chinese media reports.

ALCHEMPro News Desk (SG)