Textile manufacturers form alliances to find alternate destinations for products

NEW YORK - When Li Xiaofeng, managing director of a Chinese fabric company, attended this year's Texworld USA, an annual international textile show in New York, he was not alone this time.

Apart from a large group of Chinese peers, the middle-aged Li was also accompanied by his Bangladeshi partner M A Taher, president and chief executive officer of garment producing company Farseeing Knit Composite Ltd, who shared the exhibition booth with Li.

And the sharing was no accident.