Profits of major textile firms in China hits $2.56 bn in Jan-Feb 2024
14 Apr 24 1 min read
Insights
- Total profits of major textile enterprises in China rose to 18.2 billion yuan (~$2.56 billion) in the first two months this year, official data show.
- Industrial output of major textile companies increased by 7.7 per cent year on year (YoY).
- The country's textile and garment exports hit $45.1 billion in the two-month period—up by 14.3 per cent YoY.
The combined operating revenue of these firms stood at 675 billion yuan (~$95 billion), rising by 13.7 per cent from a year ago, the ministry of industry and information technology said.
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Industrial output of major textile companies increased by 7.7 per cent year on year (YoY), a state-controlled media outlet reported.
The country’s textile and garment exports hit $45.1 billion in the two-month period—up by 14.3 per cent YoY.
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