Home / Knowledge / News / Textiles / Chinese textile sector dogged by challenges
Chinese textile sector dogged by challenges
09
Apr '10
China's textile and garment exports amounted to US $28.242 billion from January to February, up 28.98 percent, year on year. However, this achievement has come on back of challenges, particularly, a serious man-power shortage, mainly, in coastal areas.

Chen Shu Jin, Vice-President of China Textile Industry Association, said recently that, average profits of the industry are only four percent and the whole export industry faces prospects of large-scale bankruptcy, if the Yuan appreciates.

At the same time, major overseas markets of textile and garment exports continue to face high unemployment rates, debt crisis, deflation and other issues, due to which, market demand has not significantly improved, to attain levels reached in early 2008.

The trend of trade protectionism adopted by major developed and developing economies like the US, EU and Argentina is also raising concerns within the textile and clothing export sector as, if not controlled, could snowball in to a big crisis.

Cost of operations are also shooting up, as since to attract workers to work in the textile and apparel sector, companies have raised wages by nearly 30 percent in the last few months and also reduced education qualifications necessary for the job.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

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

Sonam & Paras Modi
SVA

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

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
March 2017

March 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