Recent data from the Ministry of Industry and Information Technology indictes, decline in revenues and profits of China's garment industry narrowed down during the first four months of this year. From January to April, the decline in combined operating revenues of major garment enterprises narrowed by 4.99 percentage points to 18.47 percent year-on-year from the first quarter.

Similarly, the decline in profits narrowed 8.73 percentage points to 34.77 per cent from the same period in the previous year. The decline in output narrowed 8.93 percentage points to 11.36 per cent while the exports of clothing and accessories declined by 22.3 percent year-on-year.