China’s garment industry reports higher profit in January-July

BEIJING (XINHUA) – China’s garment industry reported higher revenue and profit in the first seven months of 2021, official data showed.

From January to July, the combined operating revenue of 12,510 major garment companies reached CNY779.9 billion, up 11.04 per cent year-on-year, according to the Ministry of Industry and Information Technology.

Total profits of these companies rose 9.81 per cent from a year earlier to CNY33.2 billion in the period, while the combined output expanded 15.78 per cent year-on-year to CNY13.21 billion.

The country’s exports of garments and accessories increased 32.9 per cent year-on-year to
USD88.1 billion.

A worker makes a sportswear at a workshop in Huludao City. PHOTO: XINHUA