China’s Textile Sector Posts Steady Expansion in Jan.-Feb.

China’s textile industry posted robust growth in the first two months of the year, data from the Ministry of Industry and Information Technology (MIIT) showed. The added value of textile firms with annual operating revenue of at least CNY 20 million (about US$ 3.06 million) climbed 33.1 percent year on year, according to the MIIT.


The firms raked in CNY 25.2 billion worth of profits, surging 139 percent from the same period last year. Their combined operating revenue rose 35.8 percent year on year to CNY 625.6 billion.


In the January-February period, China’s online retail sales of clothing products went up 44.3 percent year on year, while the country’s garment exports soared 50 percent year on year to US$ 24 billion.


Source: Xinhua