Production and sales up in China leather sector for the first 11 months
National state-owned and private enterprises with sale value above 5 million yuan in leather sector posted a year on year growth of 27.5% in industrial output value to 674.7 billion yuan, and 28% growth in sale value to 651.7 billion yuan in the first 11 months, for November it grew 35% in production and 8.9 percentage points higher over month earlier.
At the same time the industry created the total pre-tax profits valued 56.4 billion yuan, marking a growth of 34.4% that is a 17.7% higher over the year earlier in the growth rate.
SOURCE: CHINA LEATHER NET