China's light industry posts steady growth in 2022

China's light industry posts steady growth in 2022

In this unidentified photo, a worker inspects yarn at a textile factory in Qutang town, Haian city, Jiangsu province, which provides jobs for locals. ZHAI HUIYONG BEIJING -- China's light industry logged steady growth in 2022, according to data from the National Development and Reform Commission.

The commission said that the combined revenues of major enterprises in the sector stood at 24 trillion yuan about $3.46 trillion a year ago, up 5.4 percent year-on-year.

The total profits of 1.53 trillion yuan rose 8.2 percent from the previous year.

The sector's industrial added value climbed 2.4 percent from 2021 in the same period. The output of solar cells was over 50 percent year-on-year, and the added value for the battery sector grew more than 10 percent year-on-year.

The export of light industry products increased by 4.2 percent year-on-year to 953.54 billion dollars last year, accounting for 26.5 percent of the country's total exports.