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Industry

China's textile industry output up 4.1 pct in Jan-April

June 10, 2019


Abstract : China's major textile companies saw their combined value-added industrial output rose 4.1 percent year on year in the first four months of the year, new data showed.

BEIJING, June 9 (Xinhua) -- China's major textile companies saw their combined value-added industrial output rose 4.1 percent year on year in the first four months of the year, new data showed.

The growth rate was 0.4 percentage points faster than the same period of last year, the National Development and Reform Commission said in a statement.

In the first four months, the export of textile and garment products dropped 3.7 percent to 75.8 billion U.S. dollars, with the export of textiles edging up 0.8 percent.

Fixed-asset investment of major textile companies rose 0.8 percent in the same period, their combined revenues were up 4.9 percent, and profits rose 0.7 percent year on year, the statement said.

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