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US policy unlikely to affect Chinese garment sector
24 Mar '12
1 min read
The policy of the US Government, as outlined by President Barack Obama in his third State of the Union address, to revive the manufacturing industry in the country, would not much affect the Chinese garment industry, according to experts.
In his address, President Obama said his administration would assist manufacturing enterprises to return to the US by introducing preferential tax policies.
Experts say the President's strategy would not much affect the Chinese apparel industry in the short term, as China still retains the overall competitive advantage in low-end manufacturing compared to the US.
While they do not foresee much impact of the US policy on Chinese garment manufacturing industry for the next three to five years, experts say it is possible that China may lose its relative advantage in the medium-to-long term.
In his address, President Obama said his administration would assist manufacturing enterprises to return to the US by introducing preferential tax policies.
Experts say the President's strategy would not much affect the Chinese apparel industry in the short term, as China still retains the overall competitive advantage in low-end manufacturing compared to the US.
While they do not foresee much impact of the US policy on Chinese garment manufacturing industry for the next three to five years, experts say it is possible that China may lose its relative advantage in the medium-to-long term.
Fibre2fashion News Desk - China
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