LOSERS
December 1st, 2012
BY MJ DESCHAMPS
China
Between the worsening Eurozone crisis dampening demand in key export markets, sourcing rivals from neighbouring countries becoming increasingly competitive, the strengthening Chinese yuan and rising labour costs, analysts warned in August that Chinese textile and clothing manufacturers' business would struggle for the rest of 2012. "This year our output could fall 20% from 2011 due to order loss," Louis Jiang, sales manager at Chengdu-based Sichuan Hainaer Fashion, told just-style: "A weak economy has been dragging down the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.