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China: Shandong Apparel Exports in Crisis Atmosphere
- Article from:
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Asian Textile Business
- Article date:
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April 1, 2007
- Author:
- Anonymous
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Copyright informationCopyright DAISEN Ltd 2007. Provided by ProQuest LLC. (Hide copyright information)
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Exports of apparel produced in Shangdong Province are in a crisis atmosphere never experienced before. According to the local media, contributing factors are rising manufacturing costs within China, a rapid growth in neighboring countries, and among other things, a slowdown of Chinese exports to Europe and the U.S.
As a result of the implementation of new export restrictions by Europe and the U.S. in 2005, exports of some Chinese-made textile products remained at a standstill for almost half a year. During that period, those orders which China failed to receive found their ways into neighboring countries with fast growing textile industries like Pakistan, India, Vietnam, Cambodia, ...
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