According to the National Bureau of Statistics, in November, China’s value-added industrial output above designated size actually increased by 3.8% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), up by 11.1% compared with the same period of 2019. The two-year average growth reached 5.4%.

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 2.9% year-on-year in November. And the textile industry’s value-added output declined by 3.5%. In the output of main products, the output of fabric rose 2.8% year-on-year to 3.7 billion meters in November and increased by 8.5% to 35.7 billion meters in January-November period, while the output of chemical fibers declined 2.7% to 5.66 million tons in November and rose 10.3% to 61.39 million tons in January-November.

Source: CHINA TEXTILE LEADER Express