China's Textile Industry Maintains Stable Economic Operation in 2024

On February 11th, according to data from the China National Textile and Apparel Council's Industrial Economics Research Institute, the revenue of China's large-scale textile enterprises increased by 4% year-on-year in 2024, while total profits grew by 7.5% year-on-year, both showing a recovery in growth rates. This indicates that the economic operation of China's textile industry remains generally stable. Additionally, the completed fixed asset investments in the textile, apparel, and chemical fiber industries increased by 15.6%, 18%, and 4.7% year-on-year, respectively, driving the textile equipment industry towards high-end, intelligent, and green development.