Home / Knowledge / News / Textiles / Textile manufacturers face challenging conditions
Textile manufacturers face challenging conditions
12
Mar '08
Recent reports show that China is rapidly loosing its competitive edge in the manufacturing sphere. Experts believe that the country needs to increase its marketing ability and profit to ensure a stable global position.

Manufacturers have moved their base to the suburban areas in China or to a different country altogether. This is because increasing cost of production and other factors have considerably reduced the margins resulting in poor production and consequently loss of orders.

Of the 66 foreign investment enterprises in China, more than half are of the opinion that China is no more competitive when it comes to low cost of labor.

Vietnam and India are emerging as the new manufacturing hubs, fast replacing China in the competition.

Moreover, the salary of Chinese workers is likely to increase by around 10 percent every year while the cost of raw material will soar by about 7 percent. This is sure to worsen the situation even further.

To add to the already serious circumstances, the American textile industry is looking for new trade barriers to limit the import of Chinese textile and clothing products.

The American National Council of Textile Organization asserted that the Government of China must restrict supplying allowance to textile industry for entering US market.

To the extent that US has already started carrying out dumping supervision on textile products imported from Vietnam and China is most likely to be the next target.

Manufacturers in China who are already suffering the loss of orders are sure to hit hard if exports to America are also restricted.

Related news

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search