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Chinese Textile Firms above Designated Size Garnered 102.6 billion yuan in Profits (02/03/2009)

Updated: 2/3/2009 3:30:00 PM

Data provided by the National Bureau of Statistics of China showed that in the first 11 months the country´s textile firms above designated size garnered 102.6 billion yuan (15.02 billion US dollars) in profits, a fall of 0.7 percent year-on-year. By sectors, the profits gained by textile and garment sector respectively rose 9.3% and 13.02% to 67.5 billion yuan and 31.7 billion yuan; chemical fiber and textile machinery sector sank 74.89% and 40.47% severally to 3.4 billion yuan and 1.63 billion yuan. During the same period, China textile industry realized 247.23 billion yuan (36.19 billion US dollars) in fixed-assets investment, up 8.75 year-on-year, and achieved export value of 173.21 billion US dollars while import value of 17.15 billion US dollars, up 7.82% and 0.25% respectively compared with the same period of 2007.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS

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