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Xinhua Silk Road
Industry

Added value of Chinese textile companies up 15.4 pct in first four months

June 08, 2021


Abstract : The value-added industrial output of textile companies above designated size increased by 15.4 year on year in the first four months of this year, the Xinhua-run Shanghai Securities News reported on Monday .

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Workers make face masks in the workshop of a textile company in Jimo District of Qingdao, east China's Shandong Province, Feb. 12, 2020. (Xinhua/Liang Xiaopeng)

BEIJING, June 8 (Xinhua) -- The value-added industrial output of textile companies above designated size increased by 15.4  year on year in the first four months of this year, the Xinhua-run Shanghai Securities News reported on Monday.

From January to April, textile enterprises above designated size generated combined operating revenue of 1.47 trillion yuan, an increase of 22.6 percent from the same period of last year, the Ministry of Industry and Information Technology (MIIT) said.

According to the MIIT, total profits of these companies surged 71.8 percent year on year to 66.8 billion yuan.

China's textile and garment exports rose 32.8 percent year on year to 88.4 billion U.S. dollars during the period.

Among them, textile exports amounted to 44 billion U.S. dollars, up 18 percent year on year, while garment exports reached 44.4 billion U.S. dollars, surging 51.7 percent from the same period of last year.

In 2020, the industrial textile sector achieved a rapid growth in production driven by the demands for epidemic prevention materials, with the value-added industrial output up 54 percent year on year, according to data released by the China National Textile and Apparel Council (CNTAC).(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: textile industry

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