In the first half of the year, Jiangsu textile industry achieved a profit of 26.7 billion
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From January to June, the total output value of Jiangsu's textile industry reached 634.67 billion yuan, an increase of 11.6% over the same period of last year; total profit was 26.71 billion yuan, an increase of 12.72% over the same period of last year; and total exports were 20.220 billion US dollars, an increase of 6.66% over the same period of last year.
“Although production has increased and sales have increased, benefits have been declining.†Yesterday, Xie Ming, chairman of the Jiangsu Textile Industry Association, said at the 15th Jiangsu International Fashion Festival press conference. “The bottom of the industry is still unclear,†said Guo Qibo, general manager of China Silk Capital.
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