Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).
Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).#
The 13,660 large-scale garment firms in China together earned revenue of 1.073 trillion yuan ($152 billion) during the January-August 2019 period, up 2.1 per cent year-on-year, according to the Chinese ministry of industry and information technology (MIIT).
Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).#
However, the total profit of these enterprises declined 1.1 per cent year-on-year, whereas their output also fell 1.7 per cent.
Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).#
In contrast, online sales posted a robust growth of 19.7 per cent during the period under review.
Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).#
Meanwhile, China total apparel and accessories export dropped 4 per cent in the first eight months of this year, MIIT data showed.
Large-scale garment enterprises in China registered an increase in their revenue in the first eight months of 2019, according to the official data. However, their output, export, and total profit showed a decline. In China, large-scale garment enterprises are those with annual business revenue of more than 20 million yuan (about $2.82 million).#
Fibre2Fashion News Desk (RKS)
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