CHINA TO BECOME EXPORT MARKET FOR SOUTH ASIAN TEXTILE PRODUCERS
February 1st, 2008
BY DOMINIQUE PATTON, in Beijing, RAGHAVENDRA VERMA, in New Delhi, and KEITH NUTHALL
TIME was when the Chinese clothing industry was all about exports. But the astonishing success of China's export industry has inspired competitors, making life harder for its exporters. Furthermore, it has created wealth at home and hence a domestic market worth serving. Low wage Asian countries are eyeing this market, but will they be able to force their way in?
In any race to supply China's huge home market with clothes, Chinese manufacturers clearly have a big advantage. But ...
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