Textile firms get ready for sustainable development
Apparel industry makes significant advances in clean, green campaigns
Many labor-intensive manufacturing industries in China have declined with the country's economic slowdown. But China's textile and apparel industry is determined to resist the trend by becoming more efficient, innovative and environmentally friendly, according to the industry's 2013-2014 social responsibility report.
The growth in sales and exports of China's textiles and apparel industry from January to July decelerated by 1.5 percentage points and 1.2 percentage points, respectively. But the industry's net profit in the first seven months hit 58.69 billion yuan ($9.83 billion), up 14.29 percent year-on-year. The profit ratio of sales was 5.28 percent from January to July, 0.2 percentage points higher than the same period last year.