China 2022-11-15T05:00:19+02:00
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China's garment industry maintains expansion in Jan.-Sept.

China's garment industry maintains expansion in Jan.-Sept.

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economy, China, PRC, Statistic, Garment industry
China's garment industry. Photo by Xinhua.
China's garment industry. Photo by Xinhua.

China's garment industry continued its streak of expansion in the first three quarters of the year, reporting growth in production, revenue and profit, official data showed. This was reported by The Xinhua News Agency.

From January to September, the combined operating revenue of 12,557 major garment companies was nearly 1.05 trillion yuan (about $163.9 billion), up 9% year on year, according to the Ministry of Industry and Information Technology (MIIT).

Total profits of these companies rose 5.8% from the same period last year to hit 45.7 billion yuan, with the combined output expanding 9.3% year on year to 17.1 billion pieces.

China's online retail sales of garments climbed 15.6% year on year in the period, and its exports of garments and accessories surged 25.3% to $122.4 billion, the MIIT data showed.

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