2024 starts with positive signals in stable economic growth

China's light industry achieved a profit of 1.4 trillion yuan in 2023

China's light industry production continued to rebound with a steadily recovered market and fast growth of new driving force industries in 2023.

The operating revenue of China's light industry reached 22.2 trillion yuan ($3.08 trillion) and the profit witnessed a year-on-year growth of 3.8 percent hitting 1.4 trillion yuan in 2023, according to China National Light Industry Council.

The rapid growing green and intelligent manufacturing light industry, represented by solar cells and household appliances, has become a new driving force to promote the high-quality development of light industry.

Battery manufacturing operating revenue increased 11.8 percent, with profit increasing by 12.4 percent in 2023.

The operating revenue and profit of home appliance manufacturing increased 7.0 percent and 12.2 percent, respectively, last year.

In 2023, the light industry accounted for 13.2 percent of the national industrial assets, achieving 16.7 percent of the national industrial operating revenue and 18.1 percent of the profits, strongly supporting the stable development of the industrial economy.