Prospects for the textile and clothing industry in China, 2020

54 pages, published in Issue 44, January 2020   Report price: Euro 635.00; US$ 835.00

China is the world's largest producer and exporter of textiles and clothing. The operations of its textile and clothing industry are extensive, and range from the production of raw materials to the manufacture of finished goods. The industry's success can be attributed to high productivity, an emphasis on training and the development of skills, investment in modern manufacturing machinery, a loyal workforce and an ambitious entrepreneurial spirit. Looking to the future, further impetus will be provided by the growing domestic market, aided by the country's growing middle class and rising disposable incomes in the country. However, wage levels have risen strongly and are already markedly higher than in most other countries in Asia. Another issue is that, despite the relaxation of China's one-child policy, the country's population is ageing and there will not be enough young people to recruit for manufacturing activities in the short to medium term. Perhaps more pressing is the US-China trade war, and the potential impact it may have on Chinese exports to the USA and on the world economy in general. This report looks at the development of the textile and clothing industry in China, its size and structure, and fibre, textile and clothing production and consumption. The report also features: a geographical, political and economic profile; a detailed look at the country's imports and exports of textiles and clothing; the domestic market; a review of government policies and investment incentives; foreign direct investment (FDI) in the textile and clothing industry; an analysis of strengths, weaknesses, opportunities and threats (SWOT); and a look at the country's infrastructure and human resources and how these affect the textile and clothing industry.

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