CHINA’S PART OF GLOBAL GARMENT SUPPLY CHAIN LIMPING INTO 2023
February 22nd, 2023
At the end of 2022, the Chinese garment industry found itself in a conflicting situation: on one hand, the abrupt abandonment of strict Covid-control measures in December fuelled hopes that Chinese consumer demand will grow steadily. But on the other hand, many factories preponed and extended the Chinese New Year holiday to shield their owners’ financial standing from the risk that manufacturing capacity would remain underutilised. Chinese-language newspapers reported that it was common for garment factories to have their holidays range from more than 20 days ...
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