Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 7 (Xinhua) — China's textile industry recorded steady growth in the first four months of this year, data from the Ministry of Industry and Information Technology showed Monday.
According to the agency, during the reporting period, the added value of products of the country's leading textile companies, whose annual income from core activities is at least 20 million yuan (about 2.8 million US dollars), increased by 4.2 percent year-on-year.
The combined operating income of the above-mentioned enterprises for the period was 1.49 trillion yuan, down 0.5 percent year-on-year.
Meanwhile, from January to April, the sector's leading retail chains posted combined sales of 6.4 trillion yuan, up 5.9 percent year-on-year.
In the first four months, the country's textile and clothing exports grew by 1.1 percent year-on-year to $90.5 billion.
Experts believe that despite the increasing volatility in the international market and the continuing domestic difficulties, the textile industry, as a traditional sector, still has a large production scale, wide market demand and high employment capacity. It continues to play a key role in supporting the economy and the well-being of the population.
According to an industry insider, many textile companies, under pressure from the difficult international environment, are stepping up their efforts to find and create new materials and are actively seeking to enter the premium segment of international production chains. -0-
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