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China stamps dominance in 2016

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Apparel Online India December, 16-31, 2016

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The Chinese juggernaut continues unabated

However, much of the western world may want to refute the significance of China in the current global political and economic situation the fact remains that the country is ‘unstoppable’ today, looming largely both as a market and manufacturing super power. In the last few years China has been consistently losing on both volumes and value of exports to the world market in garments, implying that the country is challenged by cheaper destinations, forcing it to reduce its prices to keep its huge capacities running. No wonder the country is now downsizing its factories in garmenting, mostly basics. While earlier it was considered ‘the factory of the world’, using its huge human resource to manufacture almost everything under the sun…

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Source: Apparel Online India December, 16-31, 2016
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