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Fashion meanders as foreign firms thrive

By Zhu Wenqian | China Daily | Updated: 2015-11-02 08:35

The fashion industry in China appears to be fast approaching a tipping point.

While traditional clothing brands are trying to ride out rough weather, foreign retailers are busy carving out a niche for themselves in the marketplace.

Local companies have been forced to shut hundreds of their stores this year, squeezed by increasing costs, high levels of inventory and rising rent. Flagship outlets have turned discount stores or, worse, disappeared.

Fashion meanders as foreign firms thrive

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