China’s major manufacturers of leather, fur, feather, and related products, along with footwear recorded a combined business revenue of 930.74 billion yuan (around $131.94 billion)—a 1.9 per cent year-on-year growth, reflecting a stable expansion during the period, as per data from the nation’s ministry of information technology.
During the first 10 months of 2022, firms from China’s leather and related industries earned total profits of 47.7 billion yuan, which is a 2.7 per cent year-on-year (YoY) growth. The growth was noted to be 1.3 percentage points faster than that of the first three quarters of the year, according to various Chinese media reports.
Major companies in China’s leather and related industries are those with a yearly operating revenue of a minimum of 20 million yuan.
Fibre2Fashion News Desk (NB)