China's Support Programs for Selected Industries: Textiles and Apparel

摘要

Since 1995, China has been the world's largest textile and apparel exporter. In 2005, China's share of global trade in textiles and apparel products reached 24 percent. Its large market share demonstrates the present competitiveness of China's textiles and apparel industry, 95 percent of which is now privately owned. This competitiveness is all the more remarkable in that it arose out of a period when the entire industry was on the edge of bankruptcy and underwent a painful restructuring program in the late 1990s that was funded by the Chinese government.