CHINA ADDRESSES DIVERSIFICATION OF CLOTHING SOURCING AWAY FROM ITS OWN SHORES
September 21st, 2023
The China National Garment Association (CNGA) in a new briefing (1) on China’s clothing industry economic operations for H1 2023 warned that China’s clothing industry is under serious pressure. Insufficient post-Covid demand recovery in international markets due to inflation and central banks’ tight monetary policies have been exacerbated by overseas customers transferring orders to other countries. The CNGA partly attributed this situation to the late-2021 implementation of the US’s Xinjiang-related Uyghur Forced Labor Prevention Act, which, the CNGA ...
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