Revenues growth from China's textile industry remained stable in the first half of this year, official data showed.
Revenues of textile companies with an annual main business income of at least 20 million yuan (about $3 million grew by 5.7 per cent Y-o-Yto 2.52 trillion yuan in the first six months of 2022, , according to the Ministry of Industry and Information Technology.
The total added value of these companies rose 0.9 percent Y-o-Y during the period.
The combined sales of main retailers amounted to 8.12 trillion yuan in the January-June period, up 0.8 percent from a year earlier. The country's garment exports amounted to $156.5 billion, an increase of 11.7 percent.
But the data also showed a 17 percent year-on-year decline in total profits of these companies and slight drops in yarn, cloth and garment output. The textile sector's employment levels also went down mildly.