Textile Sector Profits Up 50 Percent for Jan – May Period
Source: xinhua Date: 2007-07-04
China’s textile and spinning sector notched up profits of 10.43 billion yuan (US 1.4 billion dollars) for January through May, a respectable 50 percent rise in sales from the same period a year ago. Figures provided by China’s National Bureau of Statistics (NBS) reveal a gross return of 291.75 billion yuan, which was up 26 percent year-on-year. Gross assets held by the sector totaled 535.71 billion yuan, up 17.77 percent.
