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China’s garment industry records revenue growth in January-May

BEIJING (XINHUA) – China’s garment industry registered a growth in operating revenue in the first five months of this year, official data showed.

From January to May, the country’s 13,053 major apparel companies raked in a total of CNY561.1 billion (about USD83.9 billion), up 6.1 per cent year-on-year, according to the Ministry of Industry and Information Technology.

The total profits of these companies dropped 4.6 per cent year-on-year to CNY23.3 billion.

The combined output expanded 0.5 per cent year-on-year to 9.3 billion pieces.

In the January-May period, the country’s exports of garments and accessories increased 10.2 per cent to USD62.2 billion data from the ministry showed.

Workers make down-filled coats at a factory in Jiashi county, Xinjiang Uygur autonomous region. PHOTO: CHINA DAILY