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China's textile industry sees 10.9% growth in gross output in Jan-Sep

Nov. 27, 2012 (China Knowledge) - Large and medium-sized textile enterprises in China saw their gross industrial output surge 10.9% from a year earlier to RMB 4.16 trillion in the first nine months of this year, according to figures released by the National Development and Reform Commission.

The growth rate was 18.1 percentage points lower than that in the same period of 2011.

From January to September, the output of yarn grew 12.9% YoY, and that of cloth grew 10.5% from a year earlier. Meanwhile, the output of chemical fiber and garments grew 11.9% and 6.6% YoY, respectively.

The industry saw its exports of textile products grow only 1.04% YoY to US$192.69 billion in the first nine months, while the exports of garments edge up 0.7% YoY during the period.

These textile enterprises booked a gross profit of RMB 181.22 billion in the first nine months, reflecting a increase of 0.4% YoY. The industry's profit margin dropped 0.5 percentage points to 4.5% in the period.

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