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Article: China Focus: Chinese textile firms struggle to survive in 2008
- Article from:
- Xinhua News Agency
- Article date:
- April 18, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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China Focus: Chinese textile firms struggle to survive in 2008
GUANGZHOU, April 19 (Xinhua) -- 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 ...