Textile exporters take new approach
By Li Jing In New York | China Daily | Updated: 2015-08-06 07:46
Apparel raw material providers in China have had to adapt by using new fabrics to combat labor costs at home
Zhao Miaoqi has witnessed many changes in China's textile industry during the past 40-plus years, and lately they have not been for the better.
"Over the decades, China's textile industry has changed dramatically," Zhao said. "It used to be a booming industry when I was young, but now it is old and declining. As more people (competitors) have flooded into the market, the (profit) margin has been shrinking."
Photo