|
|
Article: CHINESE TEXTILE FIRMS STRUGGLE TO SURVIVE IN 2008.
- Article from:
- AsiaPulse News
- Article date:
- April 21, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GUANGZHOU, April 21 Asia Pulse - Textile firms, once an export engine of China, are fighting for their survival this year with rising costs and dismal overseas market hit by the subprime crisis.
Those firms wooing foreign buyers at the 103rd China Import and Export Fair, the largest trade fair in the country also called the Canton Fair, felt the pinch. Few buyers visited their exhibition stall, and fewer still signed contracts.
William Lowry, an American clothing buyer, came to the fair for the 20th time this year. It was different from previous years because this time he just looked, he did not buy.
"Chinese product competitiveness was not much ...