China’s chemical fibre industry’s operating revenue surged 6.8 percent year-on-year (YoY) in the January–October, 2022 period. Enterprises with annual revenues of a minimum of 20 mn yuan (around $2.87 mn) earned up to 903.8 bn yuan during the period, as per government data.
The total profits of the East Asian country’s chemical fibre industry dropped 65.5 per cent from 2021 to 19 bn yuan, said reports quoting China’s Ministry of industry and information technology.
In the first ten months of 2022, the total output of the industry totalled 56.25 mn tonnes—a rise of 0.4 percent YoY.
