China's light industry sector posted steady growth in the first quarter of this year, boosted by domestic demand expansion and consumption promotion policies, as shown by the China National Light Industry Council (CNLIC) data on Wednesday.
In the first quarter of the year, the added value of China's light industry above designated size increased by 7.3 percent year on year, while the operating income reached 5.4 trillion yuan (about 748.23 billion U.S. dollars), a year-on-year increase of 4.8 percent, according to CNLIC's data.
Among the 90 major light industrial products counted by the National Bureau of Statistics, the output of 53 products increased. Among them, the added value of the manufacturing industries of moped bikes, batteries, toys, and household appliances maintained double-digit growth.
The retail sales of 11 categories of light industry products exceeded 2.1 trillion yuan in the first quarter, a year-on-year increase of 9.7 percent.
Among them, the retail sales of furniture products increased by 18.1 percent year on year, an increase of 14.5 percentage points than the previous year.
The retail sales of household appliances and audio-visual equipment increased by 19.3 percent, maintaining double-digit growth for seven consecutive months.
In addition, light industry foreign trade exports remained resilient in the first quarter. Among the 21 major light industry industries, the export volume of 10 sectors increased year on year, with household appliances, daily chemical products, and light industry machinery keeping double-digit growth.
China's light industry sector logs steady growth in Q1
