Total profits of major textile enterprises in China rose to 18.2 bn yuan (~$2.56 bn) in the first two months this year, according to official data. The combined operating revenue of these firms stood at 675 bn yuan (~$95 bn), rising by 13.7 per cent from a year ago, the Ministry of industry and information technology said.
Industrial output of major textile companies increased by 7.7 per cent year on year (YoY), a state-controlled outlet reported. The country’s textile and garment exports hit $45.1 bn in the two-month period—up by 14.3 per cent YoY.
