BEIJING — China's textile industry posted robust expansion last year, with both revenue and profits logging double-digit growth, official data showed.
The profits of textile firms with annual operating revenue of at least 20 million yuan (about $3.16 million) hit 267.7 billion yuan in 2021, surging 25.4 percent year-on-year, according to the Ministry of Industry and Information Technology (MIIT).
The operating revenue of these firms totaled 5.17 trillion yuan, expanding 12.3 percent from a year earlier, the data showed.
According to the MIIT data, China's garment exports hit a record high at $315.5 billion last year, up 8.4 percent year-on-year.