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China’s garment sector stabilized in the first five months of 2021

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china-garmentsAccording to MenaFN, growth in China’s garment sector stabilized in the first five months of 2021 as income, profits, and output increased. According to the Ministry of Industry and Information Technology (MIIT), the combined operating income of the sector’s 12,451 main enterprises increased by 13.20 percent from January to May to 525.1 billion yuan.

The total revenue of these businesses increased by 27.87 percent to 23.5 billion yuan during the period, while production increased by 20.89 percent year on year to 9.075 billion pieces. In the first five months, China’s online retail sales of clothing goods increased 28.2 percent year on year, while the country’s garment and accessories exports increased 48.3 percent year on year to $56.6 billion.