China's textile sector logs growth in first 4 months

BEIJING, (Xinhua) -- China's textile industry posted stable growth in the first four months of the year, official data showed Monday.
The total value-added output of textile companies with an annual main business revenue of at least 20 million yuan (about 2.8 million U.S. dollars) went up 4.2 percent year on year during the January-April period, according to the Ministry of Industry and Information Technology.
Textile companies generated 1.49 trillion yuan in revenue during the period, representing a 0.5 percent year-on-year decrease.
Meanwhile, the combined sales of the sector's leading retailers totaled 6.4 trillion yuan, representing a 5.9 percent increase from the previous year.

 

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