According to the National Bureau of Statistics, in the first two months of 2021, China's value-added industrial output above designated size actually increased by 35.1% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate).In February, it edged up 0.69% from the previous month.

Industrial output, officially called industrial value added, is used to measure the activity of certain large enterprises with annual turnover of at least CNY 20 million (about US$ 2.9 million).

The manufacturing output increased by 39.5% year-on-year in the first two months. While the textile industry's value-added output also upped by 39.5%. By product, in the first two months, the production of 565 out of 612 kinds of products increased year-on-year. Thereinto, the output of fabric rose 24.1% year-on-year to 5 billion meters in January-February period, while the output of chemical fibers increased 32.4% to 9.77 million tons in January-February.

And the sales-output ratio of industrial enterprises was 98.5%, 1.1 percentage points higher than the same period of last year.

Source: CHINA TEXTILE LEADER Express