China entered the WTO on 11th December 2011. A decade has passed away, during which the country's textile sector has gone through a rapid transformation. Though the ten year period had been a roller coaster ride for the nation, its textile sector had been able to make maximum utilization of the opportunities. The country has also been proactive in handling various legal issues. A decade has passed since China entered the WTO. How did this decision alter the textile industry of the dragon nation?China's textile and garment industry has gone through a drastic growth during the past years. The country accounts for 40% of the total fibre output of the world. It also takes the lead in the manufacture of chemical fibres, yarns and garments. The country's state owned enterprises have been renewed, and its infrastructure was modified. Integrating its composition into the global economy, Chinese textile industry has achieved remarkable success during the past years. China's textile and apparel industry went on a high growth trajectory during the post quota period. Though the journey was not much smooth putting China under WTO restrictions, still its exports grew year after year. Post quota period saw WTO members imposing safeguard rules for Chinese made textiles, and apparel.Article discusses how the magical transformation of China happened, and what is its future potential?
