Interviews
Formal wears ensures a bright future ahead
16 Apr '08
1 min read
The enterprises manufacturing formal clothing in China are going through transitional phase. Presently, the market has huge potential and sufficient supply, yet this segment has not picked up the way it was expected.
According to available statistics, there are nearly 6.5 billion professional people in China. If all of them shift to formal wear, the annual market demand would reach almost 100 billion yuan, which at present approximately 20 billion yuan.
Industry insiders believe that, the manufacturers need to keep certain things in mind like high quality of fabrics combining latest technology and designs to attract more customers.
More than 25,000 enterprises are engaged in supplying office attire to the customers, and have now come together to modify this sector, to take it on a higher level.
The manufacturers are looking forward to the two major events, Olympics 2008 and World Expo 2010 that are expected to increase the demand for professional cloths on a wide scale.
Since, China has entered WTO, the exchange among domestic and global industries has grown tremendously, resulting in rapid change in the textile sector of the nation. The formal wear segment has a bright future and can become one of the major revenue earner.
According to available statistics, there are nearly 6.5 billion professional people in China. If all of them shift to formal wear, the annual market demand would reach almost 100 billion yuan, which at present approximately 20 billion yuan.
Industry insiders believe that, the manufacturers need to keep certain things in mind like high quality of fabrics combining latest technology and designs to attract more customers.
More than 25,000 enterprises are engaged in supplying office attire to the customers, and have now come together to modify this sector, to take it on a higher level.
The manufacturers are looking forward to the two major events, Olympics 2008 and World Expo 2010 that are expected to increase the demand for professional cloths on a wide scale.
Since, China has entered WTO, the exchange among domestic and global industries has grown tremendously, resulting in rapid change in the textile sector of the nation. The formal wear segment has a bright future and can become one of the major revenue earner.
Fibre2fashion News Desk - China
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