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Article: CHINA'S CASHMERE MAKERS LOOK TO LOCAL MARKET TO IMPROVE MARGINS.
- Article from:
- AsiaPulse News
- Article date:
- September 8, 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)
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BEIJING, Sept 8 Asia Pulse - A dominant position in global exports has allowed more than 2,000 companies to establish themselves in cashmere manufacturing in China, but the industry is seeking to shift from reliance on exports to greater emphasis on domestic sales.
The Erdos Group, the top cashmere manufacturer in China, has reduced its original export plan from 4.5 million garments to 2.5 million this year. It will invest 800 million yuan (US$116.92 million) in the domestic market over five years to set up 100 flagship shops.
Xinjiang Tianshan Wool Tex Stock Co., Ltd. for the first time combined its international and domestic order fairs into one event ...