Latest official statistics show that textile and clothing export of Wenzhou city in August 2008 reached US $189 million, representing a drop of over 10.45 percent as compared to the previous month.
Industry professionals believe that with factors like RMB appreciation, rising labour and raw-material costs, inadequate technological know-how and other international pressures , it will be a while before orders from the US and EU shift back to China.
Note has to be taken of the fact that the adjusted rebate rate has not had a great effect on Chinese trade.
Experts have repeatedly stressed that key to improving sales is to upgrade quality of products and offer high value-added items. Companies need to continuously innovate and remain up to date with changing trends in global market.
Fibre2fashion News Desk - China
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