HONG KONG KNITWEAR MANUFACTURERS SEEKING LOWER COSTS, NICHE MARKETS
March 18th, 2014
A GLANCE at Hong Kong’s official trade data gives the impression that all is rosy for the Chinese special administrative region's (SAR) knitwear manufacturers. In 2013, Hong Kong exported knitted and crocheted fabrics worth USD2.5 billion, up 4.1% year-on-year, easily outpacing the 1.6% growth posted by the city’s overall textile exports valued at USD10.7 billion, according to figures from the Hong Kong Trade Development Council (HKTDC).However, the real picture is not that straightforward. While Hong Kong’s knitwear manufacturers have typically kept their ...
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