Industrial Value-added of China’s Textile Industry up 6.6% in January to July

According to the National Bureau of Statistics, in July, China’s value-added industrial output above designated size actually increased by 6.4% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), up 11.5% year-on-year compared with the same period of 2019. And the two-year average growth reached 5.6%. From January to July, China’s value-added industrial output above designated size grew by 14.4% year-on-year. And the two-year average growth was 6.7%.

Industrial output, officially called industrial value added, is used to measure the activity of certain large enterprises with annual turnover of at least CNY 20 million (about US$ 2.9 million).

The manufacturing output increased by 6.2% year-on-year in July and 15.4% in January to July. In July, the textile industry’s value-added output declined by 1.0%, while it increased by 6.6% in January-July period. In the output of main products, the production of 333 out of 612 kinds of products increased year-on-year. Thereinto, the output of fabric rose 7.2% year-on-year to 3.4 billion meters in July and increased by 12.7% to 22.2 billion meters in January-July, while the output of chemical fibers increased 9.3% to 5.97 million tons in July and rose 16.3% to 39.35 million tons in January-July.

Source: CHINA TEXTILE LEADER Express