Home / Knowledge / News / Apparel/Garments / 'Made in China' goods cause headaches in domestic markets
'Made in China' goods cause headaches in domestic markets
03
Dec '08
China has been swamping worldwide markets with its “Made in China” products. This has been only made possible due to producing on mass scales, leading to cost competitiveness. But again, all products may not meet quality standards which have also led to the exit of a lot of products from international markets.

Some of these products, as Vietnam is witnessing, are available at just half the cost of the domestically manufactured products. The biggest sector to be affected is the textiles and garment sector. Since, most of the manufacturers were riding on the high growth generated from exports from this sector; the Chinese products have found their way in to most of the domestic markets.

Today, most of the shops selling textiles and clothing are per-dominantly stocked with Chinese goods. According to experts, sourcing of Chinese textiles, apparels and footwear is supposed to have grown from 20 percent to around 60 percent in recent years. The main matter of concern to the domestic industry is the lowering of duties from 50 percent to 20 percent once the WTO commitments come in to effect.

They foresee Vietnamese markets swamped with goods with “Made in China” tags once these duties are lowered. The other reason citied by experts is that China is on the prowl for new markets since exports to its traditional markets is witnessing a slowdown, and there is all the more reason for the country to limit exports from China by imposing trade barriers.

Otherwise they warn, the domestic manufacturers will be wiped out as has happened in case of some African countries and even the western countries, where exports of textiles and garments from China have increased drastically in recent years.




Fibre2fashion News Desk - Vietnam


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search