CHINA’S GOING OUT STRATEGY LOOKS TO ASEAN CLOTHING SECTOR, SAYS BEIJING TEXTILE COUNCIL
July 1st, 2013
The China National Textile and Apparel Council has told just-style that it is looking to implement the government’s ‘Going Out’ strategy of external investment by shifting some production overseas to lower cost jurisdictions, especially in south-east Asia.A spokesman from the textile and apparel council said his organisation would focus its ‘Going Out’ efforts on ASEAN (Association of Southeast Asian Nations) countries, as a tactic to keep Chinese influence over the lowest cost clothing and textile manufacturing. China has been losing orders to lower ...
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