Revenues and profits of the textile industry in China recorded double digit growth in 2021. A report by the Ministry of industry and Information Technology (MIIT) states, profit of textile firms with annual operating revenue of 20 million yuan ($3.16 million) and above recorded profits increased of 25.4 per cent y-o-y.to 267.7 billion yuan in 2021. Total operating revenue of these firms increased 12.3 per cent y-o-y to reach 5.17 trillion yuan in 2021. China’s garment exports also surged 8.4 per cent y-o-y to reach a record high of $315.5 billion in 2021.
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