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China's textile production up 4.1% in Jan-April 2019

11
Jun '19
Pic: rawpixel.com from Pexels
Pic: rawpixel.com from Pexels
The industrial output of major textile companies in China increased by 4.1 per cent year-o-year in the first four months of 2019, according to the country’s National Development and Reform Commission (NDRC). Meanwhile, fixed-asset investment of major textile companies was up 0.8 per cent during the same period, whereas profits rose 0.7 per cent year-on-year.

The combined revenues of major textile companies increased 4.9 per cent during the four-month period, NDRC said in a statement.

The export of textiles and garments from China were down 3.7 per cent to $75.76 billion during the period under review, the data from the General Administration of Customs showed. While textile exports saw marginal rise of 0.81 per cent and rose to $36.67 billion, clothing and accessories exports were down 7.56 per cent to $39.09 billion. (RKS)

Fibre2Fashion News Desk – India


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