EXPORT CONTINUES TO GROW IN 2014, BUT CHALLENGES REMAINS FOR CHINESE MANUFACTURERS
January 1st, 2014
CHINESE textile and clothing industry exports are expected to grow by at least by 8% year-on-year in 2014 thanks to the recovering US and European Union (EU) markets, according to China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT).“Also, we expect the spread of Chinese cotton prices and the cotton price on the global market will be narrowed in 2014, and it will largely lower the cost for Chinese manufacturers,” said a new CCCT report. CCCT chairman Jiang Hui has said that this move would make Chinese manufacturers more competitive ...
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