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Friday, 09 July 2021 12:13

Industrial added value of China’s garment enterprises grows by 14.1%

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According to the National Bureau of Statistics, from January to April, the industrial added value of garment enterprises above designated size increased by 14.1 per cent year-on-year. Affected by the higher base in the same period last year, the growth rate dropped by 3.4 percentage points from the first quarter; the garment production of enterprises above designated size totaled more than 7.05 billion pieces, up by 23.87per cent year-on-year, and the two-year average growth reached 4.8 per cent.

Total retail sales of consumer goods amounted to over CNY 13.83 trillion during the four month period, increasing by 29.6 per cent year-on-year. Retail sales of clothing, foot and head wear and knitted goods by major retailers above designated size surged by 52.6 per cent year-on-year to CNY 323.8 billion, reports China Textile Leader.

China's online retail sales grew by 23.1 per cent year-on-year to CNY 3.07 trillion and the two-year average growth reached 15.6 per cent. In the online retail sales of physical commodities, wearing goods increased by 33.8 per cent year-on-year. According to the Customs Newsletters, from January to April, China's garment and accessories exports rose by 51.7 per cent year-on-year to $44.41 billion.