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Industry

China's garment industry reports higher profit in Jan-Oct

December 20, 2021


Abstract : China's garment industry reported higher revenue and profit in the first 10 months of 2021, official data showed.

An employee works on the production line of a garment enterprise in Cangzhou, north China's Hebei Province, Sept. 10, 2021.  (Xinhua/Luo Xuefeng)

BEIJING, Dec. 18 (Xinhua) -- China's garment industry reported higher revenue and profit in the first 10 months of 2021, official data showed.

From January to October, the combined operating revenue of 12,591 major garment companies reached 1.18 trillion yuan (about 185.59 billion U.S. dollars), up 8.3 percent year on year, according to the Ministry of Industry and Information Technology.

Total profits of these companies rose 4.6 percent from a year earlier to 53.4 billion yuan in the period, while the combined output expanded 8.9 percent year on year to 19.1 billion pieces.

The country's exports of garments and accessories increased 25.2 percent year on year to 138.9 billion U.S. dollars.

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Keyword: garment industry

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