Home / Knowledge / News / Textiles / Slowdown in growth of revenues from textile & garment sector
Slowdown in growth of revenues from textile & garment sector
13
Oct '08
From January to August this year, large-scale textile enterprises realized total revenues of Yuan 2.09 trillion and total profits of Yuan 72.66 billion, representing a year-on-year growth of 15.34 percent and 5.34 percent, respectively, their lowest growth levels since 2002.

Amongst them, apparel industry realized revenues of Yuan 523.2 billion with total profits of 21.12 billion, indicating a year-on-year growth of 18.4 percent and 11.03 percent, respectively.

Textile industry achieved revenue of Yuan 1.31 trillion and total profits of Yuan 46.83 billion, representing a year-on-year growth of 16.47 percent and 13.7 percent, respectively.

Revenues from the chemical fibre industry touched Yuan 265 billion with total profits amounting to Yuan 4.713 billion, up 4.93 percent in revenue, but a year-on-year decline of 46.2 percent in total profits.

Future industrial growth is expected to decline due to slowdown in domestic and export sales.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search