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Industrial Value-added of China’s Textile Industry up by 5.4% in the First Four Months


China’s value-added industrial output, an important economic indicator, went up 6.7% year-on-year in April, data from the National Bureau of Statistics (NBS) showed. The growth accelerated 2.2 percentage points from March. On a monthly basis, industrial output edged up 0.97% in April from the previous month. From January to April, industrial output rose 6.3% year-on-year, 0.2 percentage points higher than that from January to March.

The industrial output is used to measure the activity of enterprises each with an annual main business turnover of at least 20 million yuan (about US$ 2.82 million).

The value-added output of the textile industry increased by 5.4% year-on-year in the first four months and by 6.6% year-on-year in April.

In April, the production of 386 out of 619 products increased compared to the previous year. The fabric output rose by 2.5% year-on-year to 2.9 billion meters in April and increased by 3.4% to 10.3 billion meters in the January-April period. Additionally, the output of chemical fibers grew by 10.6% to 6.61 million tons in April and rose by 17.6% to 25.14 million tons in the January-April period.