CHINESE CLOTHING MANUFACTURERS STUCK BETWEEN LOSING CLIENTS AND PROFITS
June 1st, 2011
By WANG FANGQING
FACING soaring wages and an appreciating local currency in the Yuan, Chinese clothing makers are being forced to make a hard choice - keep clients or make profits. So far, the answer seems to be clients.
According to China's Ministry of Commerce, profits in the export sector (for all industries) fell to 1.44% in February 2011 from 1.47% in 2010. In Guangdong, the major southern industry province, local media reported the profits in some clothing exporters are as low as 2%.
For Lin Yan, sales manager at Hangzhou Light Industrial Products, Arts ...
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