Take textile products for example; China is a big exporter of textiles, but more than 50 percent of apparel export is of processing business, above 30 percent business relates to importing countries with trademarks, style, paper samples for processing, and just about 10 percent clothing business rests in independent brands.
China's average profit margin of an exported shirt is a mere $0.30 (thirty cents)!
Recently, Gao Hucheng, Vice Minister of Commerce pointed out that creating brands is an important option for changing the pace of China's foreign trade growth.
Fibre2fashion, News Desk - China
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