The IWTO Wool Forum Xi'an that has just ended was organized jointly with China Wool Textile Association and Xi'an Polytechnic University and welcomed 100 international and 100 Chinese delegates during its three-day run.
The event was held under the title “Wool: the way forward – Competition and Collaboration”. The first day of the meeting, “China Day”, has raised discussions about the impact of the growing dominance of China in the global wool industry.
Frank Sieren, a well known Journalist and China expert has drafted a future scenario of the political and economic role of China.
Sieren: “China is setting world standards that even the leading industrial nations such as the U.S., Japan and Germany cannot ignore anymore“.
“The faster the pace of globalisation, the clearer it becomes that China is unbeatable as a market of the future. It has the worldwide strongest combination of potential, stability, infrastructure, price levels and production capacity. There is no other big country which can match its stability."
“If China's ascent continues as it has, then for the first time in modern history the West will see itself competing with an “haute culture” equipped with the economic strength to be taken seriously worldwide.”
International Wool Textile Organisation
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