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Production and sales in China’s textile industry bounced back steadily in 2009, showing a clear “V” shape rebounding trend. Industrial output by the textile industry (companies with annual sales over RMB5 million and all state-owned companies) totaled RMB3.79 trillion in 2009, up 10.3% from a year earlier. Salesrose 10.58% to RMB3.71 trillion. In the January-November period, these textile companies posted combined profitof RMB133.1 billion, up 25.39% from ayear earlier. Among all, the fiber sector’s profit rebounded most significantly, soaring 187.40% in the first eleven months year-on-year. Yarn output gained 12.71% to 24.05
Production and sales in China’s textile industry bounced back steadily in 2009, showing a clear “V ” shape rebounding trend. Industrial output by the textile industry (companies with annual sales over RMB5 million and all state-owned companies) totaled RMB3.79 Sales of 10.58% to RMB3.71 trillion. In the January-November period, these textile companies posted combined profitof RMB133.1 billion, up 25.39% from ayear earlier. Among all, the trillion in 2009, up 10.3% from a year earlier. fiber sector’s profit rebounded most significantly, soaring 187.40% in the first eleven months year-on-year. Yarn output gained 12.71% to 24.05