Increasing revenue and shrinking profits for Chinese garments

Related Keywords: apparel, China, clothing, enterprises, export, garment, MIIT, retail, Sales, technology

China
Increasing revenue and shrinking profits for Chinese garments
Summary: 
China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT). In the January-July period, the combined operating revenue of major garment enterprises each

China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT).

In the January-July period, the combined operating revenue of major garment enterprises each with an annual operating revenue of 20 million yuan (about 2.8 million U.S. dollars) rose 2.15 percent year on year to 896.2 billion yuan, MIIT data showed.

However, profits of those enterprises shrank 3.48 percent to 46.1 billion yuan compared with a year ago during the period, said the MIIT.

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China's textile, garment exports rise 2.8 percent in May

Related Keywords: China, dollars, export, Garments, Imports, MIIT, Textiles

China
China's textile, garment exports rise 2.8 percent in May
Summary: 
China's export of textiles and garments rose 2.8 percent year-on-year to 23.8 billion U.S. dollars in May, according to China's Ministry of Industry and Information Technology (MIIT). In breakdown, the country's export of textiles stood at 11.6 billion U.S. dollars, up 3.9 percent from the same period last year, while garments rose 1.7 percent to 12.2 billion U.S. dollars, the ministry said, citing data from the General

China's export of textiles and garments rose 2.8 percent year-on-year to 23.8 billion U.S. dollars in May, according to China's Ministry of Industry and Information Technology (MIIT).

In breakdown, the country's export of textiles stood at 11.6 billion U.S. dollars, up 3.9 percent from the same period last year, while garments rose 1.7 percent to 12.2 billion U.S. dollars, the ministry said, citing data from the General Administration of Customs.

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