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China's garment industry's revenue up 3.7% YoY during Jan-Aug 2022
10 Oct '22
1 min read
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China’s garment industry, comprising close to 13,117 major apparel companies, earned operating revenue of 950.4 billion yuan (approximately $133.86 billion) in the first eight months of this year, registering a 3.7 per cent growth compared to the same period last year, according to data from the ministry of industry and information technology.
The collective profits of the companies increased by 3.4 per cent year-over-year (YoY), amounting to 43.6 billion yuan during January to August 2022.
The country’s garment exports also registered a steady growth during the period. They went up by 17 per cent to reach $104.4 billion in January to August 2022, compared to January to August 2021, said Chinese media reports quoting the ministry.
Fibre2Fashion News Desk (KD)
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