CHINA SLOWS EXODUS OF FABRIC MANUFACTURERS TO SOUTH AND SOUTH-EAST ASIA – BUT REVERSAL MAY NOT LAST SAY EXPERTS
January 3rd, 2021
The onset of the Covid-19 pandemic sparked predictions that the shift of textile industrial capacity from China to lower cost neighbouring countries could intensify, but analysts talking to Twist International say the trend may have stalled in the past year. While production capacity of China’s textile industry has indeed in recent years shifted to south and southeast Asia, some of these transfers have not run smoothly. Chinese-language media has run numerous reports of Chinese-owned spinning, weaving, knitting, finishing and garment production running into ...
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