CRISIS HITS CHINA'S CLOTHING INDUSTRY

摘要

In the March-April 2008 of Textile Outlook International (No 134), we asked the question: "Is China Losing its Competitive Edge in Textiles and Clothing?" We noted that the industry was facing a loss of competitiveness on several fronts: appreciation of the renminbi, higher raw material costs, higher labour costs and labour shortages. On top, the global financial crisis was starting to have an impact on consumer demand in China's main export market, the USA.