Updated: 7/29/2019 11:34:51 AM
China's garment industry saw an increase in domestic sales in the first five months this year despite slower expansion in the industry.
From January to May, retail sales of garment enterprises above a designated size amounted to CNY 397.4 billion (about US$ 57.71 billion), up 2.3 percent year on year, according to the Ministry of Industry and Information Technology (MIIT).
Investment in the garment sector increased 3.9 percent during the period, with 13,631 enterprises above designated size reporting combined operating revenues of CNY 621.4 billion, up 2.49 percent year on year, while the profits of these companies decreased 1.3 percent to CNY 30.8 billion during the period. (Xinhua)
Source: CHINA TEXTILE LEADER Express
Authority in Charge: China National Textile and Apparel Council (CNTAC)
Sponsor :China Textile Information Center (CTIC)
ISSN 1003-3025 CN11-1714/TS