The industrial output of major textile companies in China increased by 4.1 per cent year-o-year in the first four months of 2019, according to the country’s National Development and Reform Commission (NDRC). Meanwhile, fixed-asset investment of major textile companies was up 0.8 per cent during the same period, whereas profits rose 0.7 per cent year-on-year.
The combined revenues of major textile companies increased 4.9 per cent during the four-month period, NDRC said in a statement. The export of textiles and garments from China were down 3.7 per cent to $75.76 bn during the period under review, the data from the General Administration of Customs showed. While textile exports saw marginal rise of 0.81 per cent and rose to $36.67 bn, clothing and accessories exports were down 7.56 per cent to $39.09 bn.