Home / Knowledge / News / Textiles / Clothing cos urged not to depend on Govt policies
Clothing cos urged not to depend on Govt policies
26
Aug '08
Recently, it was reported that the Chinese Government had issued several favorable tax policies to boost the establishment of domestic clothes brands.

However, some insiders said that concrete policies had not yet been implemented. They said that, besides other policies, Government was still planning to issue some tax policies.

Industry insiders said that most of the Chinese clothes brands belong to the low-end or middle-end levels and enterprises still specialize in OEM. Less than 10 percent of Chinese clothes manufacturers are able to enter their brands into the global market. So, the added value of Chinese clothes products has been very low.

Considering the above factors, Chinese companies cannot solely depend on Government policies to recover their status. Infact, these schemes may not help much.

They stressed that the current problems in textile industry are due to trade situations outside China as well as internal factors like RMB appreciation, low value-added products, products failing to meet international quality standards and so on.

Thus, experts said that instead of eagerly awaiting new Government policies and depending on them, textile industry should get together and take bold actions to overcome measures to overcome problems and rise higher.

Fibre2fashion News Desk - China

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
May 2017

May 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