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2012 decisive year for Chinese textile, garment makers

20
Apr '12
2012 will prove to be a decisive year for enterprises in the Chinese textile and garment sector, say experts.

Only the fittest, like the one's who have upgraded technology will survive, while those still sticking to traditional methods will fall by the wayside, they aver.

The Chinese textile and apparel industry witnessed a slowdown in the first quarter, due to sluggish domestic and global demand.

China's textile and apparel industry faces three major problems, such as high inventory, low exports and lagging behind in development of brands, add experts.

Officials of China Garment Association say after experiencing overheating in 2010 and over-cooling in 2011, 2012, will prove to be a year of consolidation.

The only way to survive turbulent times is to graduate to producing high-end products and also adopt latest technologies to beat global competition from other countries, they conclude.

Fibre2fashion News Desk - China


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