The collective profits of the companies increased by 3.4 per cent year-over-year (YoY), amounting to 43.6 billion yuan during January to August 2022.

China’s garment industry, comprising close to 13,117 major apparel companies, earned operating revenue of 950.4 billion yuan (approximately $133.86 billion) in the first eight months of this year, registering a 3.7 per cent growth compared to the same period last year, according to data from the ministry of industry and information technology.

The country’s garment exports also registered a steady growth during the period. They went up by 17 per cent to reach $104.4 billion in January to August 2022, compared to January to August 2021, said Chinese media reports quoting the ministry.

Fibre2Fashion News Desk (KD)