Light but firms pack a punch
Print Edition
TOTAL profit of major firms in China’s light industry rose 7.57 percent year on year to 1.49 trillion yuan (US$226 billion) in 2015, official data showed yesterday.
Food manufacturing, plastic production and wine making led the growth, with profits exceeding 180 billion yuan, 130 billion yuan and 100 billion yuan, said an annual report released by the China National Light Industry Council.
The total export volume of major products in the light industry accounted for 26.3 percent of the total national export volume in 2015, slightly higher than 25 percent registered in 2014, the report showed.
Exports of leather goods and footwear made up 14.8 percent of the total, the lion’s share, the report said, adding that wine, ceramic products and battery exports grew rapidly.
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