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.
The output of the enterprises was down 0.46 percent to a total of 14.3 billion pieces in the first seven months of the year, according to the ministry.
During the same period, online retail sales of apparels went up 20.4 percent from a year ago, while exports of clothing and accessories edged down 3.67 percent year on year to 83.5 billion U.S. dollars, MIIT data showed.
Courtesy: Xinhua
Possenia has proudly announced its groundbreaking achievement as Switzerland’s inaugural cycling brand to introduce the Bluesign® Product label in Europe.
The LYCRA Company has announced a letter of intent with DCC to convert QIRA® into low-impact PTMEG, the primary ingredient…
Spinnova's R&D yarn spinning line has been launched at Tearfil's mill in Portugal with Rieter providing the machinery for the…
HeiQ has partnered with Culp to apply HeiQ Allergen Tech, a 100% biobased solution that reduces allergens on textiles, to…
Sonovia, Pure Denim have collaborated and are set to unveil their inaugural jeans collection featuring Sonovia's eco-friendly denim dyeing technology…
AmorSui has introduced a new range of eco-friendly lab coats for both men and women including a pioneering fire-resistant hijab,…