In 2005 China produced 46.5 billion pieces of clothing, which makes the supply much higher than demand.
According to a study, each Chinese person can buy around 36 pieces of clothing.
Enterprisers of Wenzhou city plan to follow the example of America, where the manufacturers have shifted from OEM to ODM, recently.
Analysis shows that production cost in New York is over US $24 billion per year and if the manufacturing base is moved to China, firms can save upto $15 billion.
Currently, most American companies place their orders with firms in Guangzhou city, Hangzhou city , Shanghai city , Jiangsu province and Taiwan.
Wenzhou city Government is greatly supporting local clothing enterprisers to grab larger share in American market.
Fibre2fashion, News Desk - China
marketing@alchempro.com
