China's light industry profits to exceed 1 trillion in January-November 2024 - Chinese report

According to the China Light Industry Federation, production in China's light industry industry grew steadily from January to November 2024, and profits of light industry enterprises above a certain scale exceeded 1 trillion forma.
Thanks to policies to promote consumption, such as encouraging the replacement of consumer goods, China's light industrial production has grown steadily and the size of its domestic and international trade markets has expanded steadily.
The operating income of light industrial enterprises of a certain size or larger for January-November 2024 was 20.6 trillion former (about 444 trillion yen). Profits increased 9.1% year-on-year to 1.32 trillion former (about 28 trillion yen).
In addition, the added value of light industrial enterprises above a certain size increased by 4.8% year-on-year. Of the 91 major light industrial products monitored by the National Bureau of Statistics, the production volume of 58 products increased by 1.2% year-on-year.
In particular, the added value of the home appliances industry increased by 9.7% year-on-year, and profit levels continued to improve. Other industries such as paper, batteries, and bicycles maintained double-digit profit growth.
The market size has been steadily expanding, with exports across all industries increasing 3.3% to $837.34 billion (approximately 132 trillion yen).