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Industrial added value of Chinese textile sector up in Q1

16
Apr '12
Industrial added value of textile industry grew in the first quarter of 2012, according to National Bureau of Statistics.

China's industrial production steadily grew but corporate profits declined in the first quarter,
Industrial added value of big and major enterprises rose 11.6 percent year on year in terms of comparable prices.

Of which, textile industry grew by 15.1 percent year on year. In March, industrial added value of textile industry increased 16.9 percent, compared to February.

In January to February this year, the big and major industrial enterprises realized profits of 606 billion Yuan, down 5.2 percent year on year.

Among 41 major industrial sectors, 23 sectors achieved year on year growth in their profits, one sector remained flat, profits of 14 industries declined, one industry clocked losses and 2 industrial sectors expanded their losses over the same time from last year.

Fibre2fashion News Desk - China


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