CHINA: Textile and garment industry trend looks good

Related stakeholders in textile and garment industry say that net profits of China's textile and apparel industry have remained at 3- 5 percent since the reform of RMB exchange rate in the past five years, behind which, there are many efforts made by enterprises.

The reform has not undermined the position of China's textile and clothing industry in international market, but has forced the industry to accelerate transformation and upgrading, therefore, overall development trend of the industry is good.

Compared with electronic products, technological content and added value of textile and garment industry is relatively lower, therefore the industry is more obviously affected by the RMB exchange rate and other factors.

Experts say that under the promotion of the exchange rate and other factors, polarization in textile and apparel industry is emerging after a round of brutal survival of the fittest, development opportunities are unequal, textile and garment enterprises with independent innovation and brands enjoy more obvious advantages, while low-end textile and garment enterprises face increasing pressures, some of them have to relocate into cheaper labor countries or regions.

Send your News/Releases for publication to [email protected]
Added: July 22, 2010 Source: Agencies & CHH
Start script - 1537568040.1106 Start news id check - 1537568040.1107 After news id check - 1537568040.111 After cookie_code - 1537568041.432 Before news detail - 1537568041.432 After news detail - 1537568041.4328 Start cat select - 1537568041.4329 After cat select - 1537568041.4332 before preg replace - 1537568041.4332 After preg replace - 1537568041.4332 Before tag engine - 1537568041.4332 After tag engine - 1537568041.4386 Before mptt engine - 1537568041.4386 After mptt engine - 1537568041.4386 Before related engine - 1537568041.4387 After related engine - 1537568041.4409 Before update hits - 1537568041.441 After update hits - 1537568041.4411 After update news_hits - 1537568041.4459 After mem_only_views - 1537568041.4459 -------------------------------------------------- Total Exec time:- 1.3353998661041
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 21-09-2018