Industrial Value Added of Textile Industry Rise 15.1% in 1st Quarter (China)

According to the General Administration of the Customs, industrial production has maintained steady growth in the first quarter of this year, but profit of enterprises dropped moderately. In the first quarter of this year, the industrial value added of enterprises up to certain scale (prime business revenue more than CNY 20 million) rose 11.6% year-on-year calculated at current price, in which, that of textile industry rose 15.1%. The industrial value added of textile industry in March rose 16.9%, growing faster by 2.8 percentage points than in February.

In January-February period, above-scale industrial enterprises generated a total profit of CNY606 billion, down 5.2% from a year ago. 23 out of 41 major industries witnessed profit growth, one industry kept the same level, 14 industries had declining profit, one industry ran into deficit and 2 industries made more losses.