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Friday, 08 April 2022 17:44

China’s textile industry records robust growth in first two months of 2022

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Data from the Ministry of Industry and Information Technology (MIIT) shows, China's textile industry posted robust growth in the first two months of this year.

The added value of textile firms with an annual operating revenue of at least 20 million yuan climbed 6.7 percent year on year, according to the MIIT.

The operating revenue of these firms increased by 13.5 per cent to 706.9 billion yuan from the same period a year ago.

Their profits declined by 1.8 per cent Y-o-Y to 24.8 billion yuan

MIIT data also showed China's textile exports from January to February rose by 11.9 percent Y-o-Y to $24.7 billion.