In August, The Added Value Of National Textile Industry Above Designated Size Decreased By 2.5% Year On Year

According to the National Bureau of statistics, in August, the real value-added of industries above Designated Size nationwide increased by 5.3% year-on-year (the following growth rates are all real growth rates excluding price factors), 11.2% higher than that of the same period in 2019, and an average increase of 5.4% in two years. In August, the added value of industries above designated size increased by 0.31% over the previous month. From January to August, the added value of industries above designated size increased by 13.1% year-on-year, with an average increase of 6.6% in two years.

By category, the manufacturing sector grew by 5.5% in August. In terms of economic types, the added value of state-owned holding enterprises increased by 4.6% year-on-year in August; Joint stock enterprises increased by 6.1%, and enterprises invested by foreign investors, Hong Kong, Macao and Taiwan increased by 3.4%; Private enterprises increased by 5.2%. In terms of industries, in August, 34 out of 41 major industries maintained year-on-year growth in added value. The textile industry decreased by 2.5%, while the chemical raw materials and chemical products manufacturing industry increased by 5.5%. In August, the product sales rate of industrial enterprises was 97.8%, a year-on-year decrease of 0.4 percentage points; Industrial enterprises achieved export delivery value of 1205.5 billion yuan, a nominal increase of 14.8% over the same period of last year.

(source: China Textile News)