BUSINESS China's garment industry sees higher profit in Jan.-Aug.

BUSINESS

China's garment industry sees higher profit in Jan.-Aug.

Xinhua

14:15, October 23, 2021

BEIJING, Oct. 23 (Xinhua) -- China's garment industry reported higher revenue and profit in the first eight months of 2021, official data showed.

Employees work in a garment factory in Nanhe District of Xingtai City, north China's Hebei Province, March 28, 2021. (Xinhua/Zhu Xudong)

From January to August, the combined operating revenue of 12,520 major garment companies reached 905.6 billion yuan (about 141.43 billion U.S. dollars), up 9.6 percent year on year, according to the Ministry of Industry and Information Technology.

Total profits of these companies rose 9.5 percent from a year earlier to 39.6 billion yuan in the period, while the combined output expanded 12.9 percent year on year to 15.2 billion pieces.

The country's exports of garments and accessories increased 28.1 percent year on year to 105.7 billion U.S. dollars.

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