China''s textile sector reported stable development in the first 11 months of
2019, data from the National Development and Reform Commission
showed.
Value-added output of enterprises above designated size rose 2.5 percent
year on year, with output in the sub-sectors of fiber, industrial textiles and
garment up 11.8 percent, 7.1 percent and 1 percent, respectively, according
to the commission.
Domestic retail sales of apparel and knitwear stood at 1.2 trillion yuan (about
172.4 billion U.S. dollars), up 3 percent year on year.
Online garment sales continued to expand nationwide, with the turnover
reporting a 16.5-percent yearly growth and new sales modes such as live
video streaming attracting consumers, the data showed
From January to November 2019, China''s textile and garment export
declined 2.6 percent year on year to 246.9 billion dollars, with the pace of
drop decelerating 0.1 percentage point from one month earlier.
Textile firms over designated size generated combined operating revenue of
4.03 trillion yuan from January to October 2019, up 0.2 percent year on year,
while the total profit dropped 8.7 percent year on year to 168.8 billion yuan.
Source: Xinhua News, China Monday, 06 January 2020