China Light Industry Federation recently announced the operation of China's light industry economy from January to October. Data shows that in the first 10 months, China's light industry enterprises above designated size achieved operating revenue of 19.37 trillion yuan, up 6.7% year on year. At present, with the package policy of stabilizing the economy and the follow-up policy measures to further improve the efficiency, the light industrial economy continues to recover in general. The industry's production and demand are generally stable. From January to October, the added value of light industry increased by 3.6% year on year, 0.2 percentage points higher than that of manufacturing industry. The added value of some light industries maintained rapid growth. The added value of battery manufacturing, mopeds, daily chemical products and other manufacturing industries grew by more than 10%. In terms of consumption, the light industry consumption market as a whole continued to grow from the previous October. From January to October, the retail sales of 10 categories of goods in light industry reached 5569.8 billion yuan, a year-on-year increase of 2.1%, 1.5 percentage points higher than the growth rate of total retail sales of social goods. Profitability continued to improve. With the continuous release of the effect of consumption promotion policies, the profit growth of light industry has risen month by month. From January to October, enterprises above designated size in the light industry achieved a profit of 1184.26 billion yuan, up 9.8% year on year, 0.9 percentage points faster than that from January to September. The operating income profit margin of light industry was 6.11%, up 0.17 percentage points year on year, 0.8 percentage points higher than that of manufacturing industry. The scale of investment continued to expand. In 2022, the scale of fixed asset investment in major light industries will continue to expand on the basis of the steady recovery of the previous year. From January to October, except for the paper industry, the investment in major industries of light industry maintained a double-digit rapid growth, and the growth rate was higher than that of the national and manufacturing industries, among which the growth rate of investment in leather, sports, wood processing and other industries exceeded 20%. (Liu Xinshe)
Edit：wangwenting Responsible editor：xiaomai
Source：xinhuanet
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