China's major clothing firms post steady profit growth

BEIJING -- Profits of China's major clothing companies posted steady growth during the first seven months of 2022, up 4 percent from a year ago, official data showed.

From January to July, the country's 13,067 major clothing companies raked in profits of 37 billion yuan ($5.35 billion), according to the Ministry of Industry and Information Technology.

Revenues grew 3.9 percent year-on-year to 815.9 billion yuan during the period. The country's exports of garments and accessories increased 12 percent to 80.2 billion dollars, the ministry said.