xi's moments
Home | Industries

China's light industry registers revenue, profit growth in H1

Xinhua | Updated: 2022-08-05 17:30

An employee works at a shoemaking factory in Jinjiang, Fujian province, in May. [Photo/Xinhua]

BEIJING  -- China's light industry reported higher revenue and profits in the first half of the year (H1), official data showed.

The operating income of firms with annual revenue of over 20 million yuan ($2.97 million) in the sector rose 7 percent year-on-year to 11.4 trillion yuan, according to the Ministry of Industry and Information Technology (MIIT).

These companies raked in 693.3 billion yuan in profits in H1, up 5.2 percent from the same period of last year.

MIIT data also showed that the added value of light industrial firms above the designated size grew by 4.6 percent year-on-year during the period, with output rising in sectors including shoes, watches, air conditioners for rooms, and household gas water heaters.

Exports of the sector's eight major products stood at $211.74 billion in H1, representing an increase of 10 percent, according to the General Administration of Customs.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349