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Editorial: Crisis Hits China's Clothing Industry
published in Issue 136, July-August 2008
In the March-April 2008 of Textile Outlook International (No 134), we asked the question: “Is China Losing its Competitive Edge in Textiles and Clothing?” We noted that the industry was facing a loss of competitiveness on several fronts: appreciation of the renminbi, higher raw material costs, higher labour costs and labour shortages. On top, the global financial crisis was starting to have an impact on consumer demand in China’s main export market, the USA.
Five months on, a report in EmergingTextiles.com notes: “China’s clothing industry is confronted with a severe crisis this year, resulting in a ... wave of bankruptcies and layoffs.” The crisis is attributed to a combination of higher labour costs, a shortage of workers and the global economic crisis, which has hit demand in China’s major export markets.
Few manufacturers around the world will shed tears at the difficulties in which the Chinese industry finds itself. China’s dominance, and the proven ability of its industry to ramp up production quickly and supply international markets with a wide range of quality products at low prices, has been nothing short of remarkable. But it has driven countless competitors out of business—in developing as well as developed countries.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription – either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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