SRI LANKAN APPAREL INDUSTRY EYES HIGH-END CHINESE MARKET
July 1st, 2013
Sri Lanka’s garment industry is targeting higher-end Chinese consumers, with total apparel exports to China growing twenty-fold – from USD0.7 million in 2010 to USD15 million in 2012, according to the country's Joint Apparel Association Forum of Sri Lanka. (JAAF)In China, a new market has emerged for top quality local brands, the JAAF said in a statement, adding: “The high level of GDP [gross domestic product] growth and rising per capita income has widened the middle class there.”Sri Lanka’s entry into China has two tracks, a note from the country's ...
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