CHINESE TEXTILE AND GARMENT SECTORS MOVING UP A GEAR THROUGH ‘MADE IN CHINA 2025’ POLICY
December 1st, 2016
CHINA’S textile sector is feeling positive about the Chinese government’s ambitious ‘Made in China 2025’ national strategy, hoping it will guide producers towards sustainable growth.
The policy was unveiled in May 2015 by Chinese Premier Li Keqiang. It is designed to move the entire Chinese manufacturing sector away from low value-added activities to medium- and high-end operations in just 10 years’ time. Made in China 2025 is in line with the government’s previous five-year plan, 2011-15, which also focused on ‘industry upgrading’ and coincided ...
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