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Expert's advice to seize initiative in post-crisis era

12
Oct '09
As external market share of China's textile and apparel products is gradually saturating, labour cost advantage of the industry is no longer evident, combined with increasing trade frictions caused by low-price competition.

But again, in recent years, market shares of Chinese products in exports from the sector, to the US and EU, have managed to grow from 31 percent in 2007 to 38.2 percent in July of 2009.

Meanwhile, market shares of exports to emerging markets in Latin America and Africa have continued to decline from 10.5 percent in 2007 to 9.8 percent in 2009, showing that China's exports still have potential in emerging markets.

China should develop layout in emerging markets ahead of the end of the global crisis, make studies about their market demand, absorb language and business professionals to develop diversified markets for Chinese products and will be a successful policy to seize initiative in post-crisis era, advice experts.

Fibre2fashion News Desk - China


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