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China's garment sales rise in H1

As per the Ministry of Industry and Information Technology (MIIT), sales in China's garment industry grew steadily in the first half of the year despite slower expansion of the sector. Retail sales of garment enterprises, each with annual operating revenue of 20 million yuan, rose by 2.7 percent year on year to reach 475 billion yuan (about 68.5 billion U.S. dollars). The outputs of these enterprises shrank by 1.1 per cent to a total of 10.4 billion pieces.

During the same period, online retail sales of apparels increased by 21.4 percent from a year ago, while exports of clothing and accessories decreased by 4.7 percent year on year to 66.6 billion U.S. dollars. In H1, these enterprises reported combined operating revenues of 761.6 billion yuan, up 2.2 percent year on year, while their profits dropped by 0.8 percent to 38.2 billion yuan during the period.

 
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