China's textile industry profits top 18 bln yuan in first two months

Total profits of China's major textile enterprises soared to 18.2 billion yuan (about 2.56 billion U.S. dollars) in the first two months of this year, official data showed.

The combined operating revenue of these firms stood at 675 billion yuan, rising 13.7 percent from a year ago, according to the Ministry of Industry and Information Technology.

Industrial output of major textile companies increased 7.7 percent year on year.

China's textile and garment exports hit 45.1 billion U.S. dollars in the two-month period, up 14.3 percent year on year, the data also revealed.