CCTV News (News Network): The reporter learned from the China Light Industry Federation that in the first quarter, with the support of a series of policies to expand domestic demand and promote consumption, light industry enterprises above designated size achieved revenue of 5.4 trillion yuan, a year-on-year increase of 4.8%; profits exceeded 300 billion yuan, a year-on-year increase of 1.4%. The overall operation of the light industry economy was stable and steady.
Production rebounded and improved. In the first quarter, the added value of light industries above designated size increased by 7.3% year-on-year, accelerating by 2.2 percentage points from the end of last year. Thanks to the policy of exchanging consumer goods, in March, the production of electric bicycles, washing machines, air conditioners and other products achieved double-digit growth. The policy of ex-new consumer goods has also effectively promoted industrial development and green transformation.
Investment grows rapidly. Confidence in the development of the light industry continues to increase. In the first quarter, the investment growth rate of major light industry industries maintained double-digit growth, and the investment growth rate was higher than the investment growth rate of manufacturing industry.
