According to data from China’s Ministry of Industry and Information Technology, throughout the first eight months of 2022, the country’s apparel industry continued to grow steadily in terms of sales, profitability, and exports.
The government reports that over the course of the eight months, the combined business income of 13,117 significant firms in the industry in China was 4, 950 billion yuan (about 86. 133 billion dollars), an increase of 7.3% over the same time in 2021.
According to Saturday’s Xinhua News Agency report, the aforementioned businesses generated a combined profit of 6.43 billion yuan between January and August, a rise of 4.3% from the same time in 2017.
The results show that throughout the time, garment exports rose 17 percent year over year to $4. 104 billion US.
Between January and August, China’s garment industry saw revenue and profit increases.
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