Clothing manufacturers of Zhejiang province are facing a vexed issue of used machinery exported by Italian machine makers.
The issue came out during an investigation launched by Custom Department in the province, which found used machinery sold at the price of new machinery.
Imported machines worth US $0.83 million inreality cost just $0.2656 million.
Such transactions are concluded in connivence with a joint venture formed by Italian companies which often pass of used equipments as new ones, causing immense loss for Chinese investors, especially in textile and clothing industry.
Industry experts have recommended that Chinese investors should be careful about to quality of machinery while processing their imports.
Fibre2fashion News Desk - China
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