Ministry Of Industry And Commerce: In The First Three Quarters, The Output Value Of China'S Textile Industry Increased By 29% Over The Same Period Last Year.
In the first three quarters of this year, China's textile industry
output value
Compared to the same period, it rose by 29% to 3 trillion and 955 billion 800 million yuan (523 billion US dollars), the Ministry of industry and Commerce said in October 28th.
This growth rate is 1 percentage points lower than the growth rate in the first half of this year.
Ministry of industry and information technology
Website statement.
Among the major products, the top three this year
quarter
The yarn production reached 20 million 950 thousand tons, an increase of 11.3% over the same period last year. The output of cotton and clothing increased by 13.3% and 9.5% respectively, reaching 44 billion 900 million meters and 18 billion 300 million pieces respectively.
In the first 8 months of this year, the profits of large-scale textile enterprises totaled 167 billion yuan, up 36.4% from the same period last year, the Ministry of industry's statement said.
In the first 9 months of this year, the total export volume of our textile and garment enterprises reached US $186 billion 100 million, an increase of 24.3% over the same period last year.
The Ministry expects that domestic market demand will maintain relatively rapid growth because cotton prices are stable.
In addition, the decline in international market demand will affect exports, and the growth of textile and garment industry will be similar to that of last year.
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