Leading textile and clothing manufacturers on the Fortune China 500 ranking 2022
In 2022, ANTA Sports Products and Texhong Textile Group were the top two Chinese textile and clothing manufacturers on the Fortune China 500 ranking, with annual revenues of 49 and 26 billion yuan respectively.
Chinese textile and clothing industry
The textile and clothing industry has been a pillar industry in China’s exports since the open door policy and economic reforms were introduced in 1979. According to IKAR data analysis, as of 2019, China was the largest exporter of textile and clothing products in the world with about 24,000 enterprises in this industry and around eight million employers. Textile and clothing exports accounted for more than 20 percent of China’s total exports. Between 2013 and 2017, China accounted for 40 percent of the global exports of textiles, apparel, and leather, representing an increase by 14 percent compared to a decade earlier. Concurrently, the share of the world's imports remained the same.
ANTA Sports Products
Established in 1991, Anta Sports Products was founded by Ding Shizhong in order to help ease the financial burden of his family. As of December 2021, with 52,000 employees, the company had generated a revenue of 49.33 billion yuan from apparel, footwear, and accessories. The total assets of Anta Sports amounted to approximately 62.67 billion yuan that year. Anta Sports officially sponsored many teams and players such as Klay Thompson, Gordon Hayward, and Rajon Rondo.
Chinese textile and clothing industry
The textile and clothing industry has been a pillar industry in China’s exports since the open door policy and economic reforms were introduced in 1979. According to IKAR data analysis, as of 2019, China was the largest exporter of textile and clothing products in the world with about 24,000 enterprises in this industry and around eight million employers. Textile and clothing exports accounted for more than 20 percent of China’s total exports. Between 2013 and 2017, China accounted for 40 percent of the global exports of textiles, apparel, and leather, representing an increase by 14 percent compared to a decade earlier. Concurrently, the share of the world's imports remained the same.
ANTA Sports Products
Established in 1991, Anta Sports Products was founded by Ding Shizhong in order to help ease the financial burden of his family. As of December 2021, with 52,000 employees, the company had generated a revenue of 49.33 billion yuan from apparel, footwear, and accessories. The total assets of Anta Sports amounted to approximately 62.67 billion yuan that year. Anta Sports officially sponsored many teams and players such as Klay Thompson, Gordon Hayward, and Rajon Rondo.
