In terms of sales, profits, and exports during the first eight months of 2022, data from China’s Ministry of Industry and Information Technology indicated a stable growth in the sector.
The government reports that during the eight months, 950.4 billion yuan (about 133.86 billion dollars) in combined business revenue was generated by 13,117 significant enterprises in the industry in China, an increase of 3.7% over the same period in 2021.
The aforementioned businesses made a combined profit of $43.
6 billion yuan between January and August, an increase of 3.4% from the previous year, according to Xinhua News Agency on Saturday.
The figures show that apparel exports during this time period climbed 17% year over year to $104.4 billion.
China’s garment sector sees increases in sales and profits.
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