The threat from 'Made in India' and 'Made in Vietnam' textiles and clothing to China is slowly but surely gaining ground. This comes at a time when Chinese textile enterprises are racking their brains to offer competitive prices.
Many Chinese companies acknowledge that, countries like Bangladesh, India and Vietnam are developing in to alternative destinations for low-end and general product clothing categories, as China's processing costs continue to increase.
They add by saying that, orders received by Chinese enterprises in the past, by relying on low-cost advantage have been transferred to other countries and regions.
Vice-chairman of the US National Textile Association - David Trumbull said, “Factory owners in India could not find enough workers to complete a sharp increase in orders. Vietnamese enterprises also say their orders have increased more than 20 percent this year, of which, a considerable part has been transferred from China.”
Chairman of China Textile Industry Association - Du Yu Zhou said in a forum recently, “In face of a more complex domestic and international economic situation and industry environment".
He added, "China's textile industry needs to do adjustments in three aspects - continue global integration, explore new markets and grasp opportunities of new technological revolution and deepen reform of institutional mechanisms of the industry”.
Fibre2fashion News Desk - China
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