China textile supply chain hurts bad as demand slumps amid global recession

摘要

SINGAPORE (ICIS)--China’s entire textile supply chain is facing rougher times ahead as export orders get cancelled and recovery prospects still far off and the world wallows in pandemic-induced recession. “The textiles industry has … taken an absolute hammering,” ICIS senior Asia analyst John Richardson said, and China will feel the brunt of the sharp decline in external demand as the country accounts for a third of global textiles exports.