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Article: China's cashmere makers look to local market to improve margins

Article from:
Xinhua News Agency
Article date:
September 6, 2008
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China's cashmere makers look to local market to improve margins by Xinhua writer Zhu Yifan

BEIJING, Sept. 6 (Xinhua) -- 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 (almost 118 million U.S. dollars) in the domestic market over five years to set up 100 flagship shops.

Xinjiang Tianshan Wool Tex Stock Co., Ltd. for the first ...

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