China’s textile industry continues robust growth in Jan.-Oct.

A cotton harvesting machine works a field in Yuli county, Bayingolin Mongol autonomous prefecture, Xinjiang Uygur autonomous region. [Photo provided to China Daily


China’s textile industry continued steady expansion in the first 10 months of the year, data from the Ministry of Industry and Information Technology showed.


The combined operating revenue of major textile enterprises rose 14.2 percent year-on-year to top 4.13 trillion yuan ($650.4 billion) during the period.


These firms raked in total profits of 198.3 billion yuan, soaring 29.7 percent over one year earlier, according to the MIIT.


China’s online retail sales of clothing products grew 14.1 percent year-on-year in the January-October period, hitting 3 percent average growth over the past two years.


The country’s garment and textiles exports rose 5 percent year-on-year to $256.5 billion in the period, with the exports of clothing products surging 25.2 percent to 138.9 billion dollars.


Source: Xinhua