China’s furniture industry sees higher profits in 2022

BEIJING – China's furniture industry reported profit growth in 2022, data from the Ministry of Industry and Information Technology showed.

Total profits of enterprises with annual revenue of at least 20 million yuan ($2.91 million) stood at 47.12 billion yuan, according to the ministry.

This represented a year-on-year increase of 7.9 percent, the ministry's data revealed.

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These firms reported combined operating revenue of 762.41 billion yuan, down 8.1 percent year-on- year.