Government of China has formally started to implement the new proceeding trade policy (PTP) from August 23 this year.
This step was essentially taken to control the rise of Chinese export, decrease foreign trade surplus, optimize the structure of Chinese export products, reduce export of high consumption, high pollution and resource products and promote the sustainable development of Chinese economy.
With the execution of this import and export trade policy, Chinese clothes, leather and other industries have brought a change in their operational structure. At the same time, issues like environment protection and energy saving have become a priority for most of these industries.
Successful adaptation of the proceeding trade policy has made China a center field for world manufacturing. This apart, the introduction of new products, technology and IT industries has also got a kick start.
Fibre2fashion News Desk - China
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