Industry And Cluster
In January-July, China's apparel sector reported greater profit
Published on
Author: Manali Bhanushali
According to official figures, China's clothing sector reported increasing sales and profit in the first seven months of 2021.
According to the Ministry of Industry and Information Technology, the combined operational revenue of 12,510 big clothing businesses reached 779.9 billion yuan (approximately 120.8 billion US dollars) from January to July, an increase of 11.04 percent year on year.
Total profits of these enterprises increased 9.81 percent year on year to 33.2 billion yuan during the period, while total output increased 15.78 percent year on year to 13.21 billion.
Exports of clothing and accessories climbed 32.9 percent year on year to 88.1 billion US dollars.