China's garment industry records revenue growth in Jan-May


BEIJING (Xinhua): China's garment industry registered a growth in operating revenue in the first five months of this year, official data showed.

From January to May, the country's 13,053 major apparel companies raked in a total of 561.1 billion yuan (about US$83.9 billion), up 6.1 per cent year-on-year, according to the Ministry of Industry and Information Technology.

The total profits of these companies dropped 4.6 per cent year on year to 23.3 billion yuan. The combined output expanded 0.5 per cent year on year to 9.3 billion pieces.

In the January-May period, the country's exports of garments and accessories increased 10.2 per cent to $62.2 billion, data from the ministry showed.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

China , garment , industry

   

Next In Aseanplus News

Tropical storm Mulan churns towards Covid-stricken Hainan island
Ex-Indonesian police officer Ferdy ordered and covered up murder of Yosua, say cops
Driver’s licence demerit points system in place in Cambodia from September
Robot arms are replacing shelf stockers in Japan's convenience stores
Asian markets drop on rate worries ahead of inflation data
Belgium pulls more Haagen-Dazs ice-creams from sale
Seoul deals with heavy flood damage as torrential rain lessens
Singaporean on trial in UK for killing wife changes plea to guilty, now faces life imprisonment
Thailand records 2,335 confirmed Covid-19 cases, 32 deaths
Second officer named suspect in cop death

Others Also Read