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China's garment industry reports lower revenue in first 10 months

(Xinhua)    15:46, December 07, 2019

The revenue of China's garment industry was lower in the first 10 months of the year, said the Ministry of Industry and Information Technology (MIIT).

From January to October, 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) eased 0.2 percent year on year to 1.31 trillion yuan, the MIIT data showed.

Meanwhile, profits of those enterprises shrank 3.4 percent to 68.5 billion yuan from the same period in the previous year.

The output of the enterprises was down 0.8 percent to a total of 20.3 billion pieces in the first 10 months of the year, according to the ministry.

During the same period, the exports of clothing and accessories edged down 4.5 percent year on year to 127.2 billion U.S. dollars, said the MIIT.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liu Ning, Bianji)

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