In this undated photo, a worker from Henan province at the Huaxi Textile Factory is one of 25,000 migrants employed in the village. (PHOTO BY XU CONGJUN / FOR CHINA DAILY)
BEIJING — China's light industry grew steadily in 2018 with mild increases of business revenue and profit.
The sector's operational revenue and profit expanded 6.2 percent and 5.5 percent respectively, according to the China National Light Industry Council (CNLIC).
However, the data also show that the main economic indicators of the light industry are still lower than the national average, indicating the growing downward pressure on the industry due to rising costs and sliding profitability.
ALSO READ: China's investment to grow faster in 2019
The CNLIC plans to adopt higher industry standards in 2019 to further line up with international standards.
Another 15 light industry clusters will be developed while three green and smart ones will be nurtured, according to the CNLIC.
Copyright 1995 - 2022. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS