Home / Knowledge / News / Apparel/Garments / Fumen Govt takes aggressive steps to help apparel industry
Fumen Govt takes aggressive steps to help apparel industry
04
Sep '08
Since the latter months of 2007, clothing trade in China has been steadily deteriorating, with condition becoming extremely worse in the first half of 2008.

Apparel and garment industry in Fumen town, Guangdong Province, has been hit hard, as nearly 3000 plants were forced to close down due to poor trade.

Clothes wholesales market of the town, which was among the extremely popular sales hubs in China, has also diminished.

Experts point out that the reason for this is that the market mostly housed stores belonging SMEs, which have been weakening rapidly.

Considering all the above factors, many export oriented enterprises are now entering domestic markets, raising the competition to a new level.

Thus, the clothes supply in local markets is much higher than the actual demand.

Government is also trying hard to help enterprises in Fumen. It has taken few impressive measures, including reducing the rent for shops by 30 percent and allowing Korean fabric traders to enter Fumen, which will help companies to upgrade the product quality.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search