China’s garment and textile exports rose five per cent from January 2021 to October 2021 reveals Ministry of Industry and Information Technology (MIIT). In the same period, exports of clothing products surged 25 per cent. The combined operating revenue of major textile enterprises rose 14.2 per cent. Profits rose 29 per cent over one year earlier. China’s online retail sales of clothing products grew 14.1 per cent in the January to October period, hitting a three per cent average growth over the past two years.

Over two years China's technical textiles industry has grown by 12 per cent. From January to September 2021 production of nonwovens and cord fabric was down 1.01 per cent and up 29 per cent respectively. The operating income of enterprises in the technical textile industry decreased by 14.74 per cent with an average increase of 10.78 per cent in the past two years. Their total profit dropped by 63.78 per cent year on year, seeing an average increase of 14.12 per cent in the past two years. The operating profit margin reached 5.25 per cent, seeing a year-on-year decrease of 7.11 percentage points. The operating income of 31 listed companies in the third quarter fell by 1.15 per cent and their total profits declined by 33.59 per cent.