Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's light industry achieves steady 2018 growth

February 18, 2019


Abstract : China's light industry grew steadily in 2018 with mild increases of business revenue and profit.

BEIJING, Feb. 17 (Xinhua) -- China's light industry grew steadily in 2018 with mild increases of business revenue and profit.

The sector's operational revenue and profit expanded 6.2 percent and 5.5 percent respectively, according to the China National Light Industry Council (CNLIC).

However, the data also show that the main economic indicators of the light industry are still lower than the national average, indicating the growing downward pressure on the industry due to rising costs and sliding profitability.

The CNLIC plans to adopt higher industry standards in 2019 to further line up with international standards.

Another 15 light industry clusters will be developed while three green and smart ones will be nurtured, according to the CNLIC.

Scan the QR code and push it to your mobile phone

Keyword: China-economy China-industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial