CHINA IMPORTS MORE EXPENSIVE FABRICS, TARGETING UPPER CLASS CONSUMERS
August 1st, 2010
BY WANG FANGQING
AS a country famous for mass production of textiles and garments, China has been, maybe surprisingly, importing more and more expensive fabrics from overseas. For example, China purchased 155,000 tonnes of wool from January to May 2010, up 15.2% year-on-year, with Australia, New Zealand and South Africa being the top three suppliers. In the first half of 2010, China spent US dollar USD2.86 billion on imported leather, fur and related products, including clothing and shoes, up 39.8% from the same period last year, according to the China General ...
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