Home / Knowledge / News / Textiles / Taiwanese enterprises fail to endure RMB appreciation
Taiwanese enterprises fail to endure RMB appreciation
15
Apr '08
A large number of Taiwan garment enterprises operating in China are expected to close down due to rapid appreciation of RMB.

Experts have analyzed that export-oriented companies will face the most amount of difficulty while one third of the traditional clothes business firms with very low standards of technology will encounter a similar fate.

However, enterprises having latest technology with very strong production capacity may be able to survive for at least one or two years. Thereafter, the situation is likely to change and these companies in all its likelihood may stand firm in both the domestic and foreign markets.

This apart, these successful enterprises will also attract orders a great deal more than they had in the previous years.

As of now, strengthening of RMB has virtually paralyzed the textile industry, especially, the clothes manufacturing enterprises in China. To the extent that Taiwanese entrepreneurs who initially planned to set up their new production base in China, have switch to other countries like Cambodia, Vietnam and Indonesia.

Fibre2fashion News Desk - China


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Asim Dalal
Indo Count Retail Ventures

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Rikesh Mistry

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

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Wendell Rodricks
Wendell Rodricks

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

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


May 2018

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

news category


Related Categories:

Advanced Search