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China's apparel industry losing its attractiveness
Jan '13
The apparel industry in China, the world’s largest clothing manufacturer, is passing through a crisis phase and seems to be losing its attractiveness.
In the first half of 2012, the 42 listed garment companies in China together held total inventories of 43.8 billion yuan. In other words, these companies accumulated inventories that would take around three years to be sold.
At present, China’s garment exports are being impacted by weakened global consumer demand.
In China’s domestic market, young consumers have become the dominant force and local brands are losing their sheen among the young crowd.
Hence, the Chinese apparel sector is no longer as attractive as it was during its peak in 1990s.

Fibre2fashion News Desk - China

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