Under the influence of multiple factors such as trade frictions, rising labour costs and environmental pressures, clothing brands were trying to move their supply chains out of China in order to reduce their dependence on Chinese factories. “But as the macro environment continues to weaken and
Several US senators have called upon the US Customs and Border Protection to ensure Chinese companies are not evading US laws against forced labour and costing American jobs. In a letter, they urged the US Customs to strictly enforce provisions in trade agreements with Central American and North American trading partners. According to the senators, […]
In the first three quarters of 2023, China’s exports of textiles and clothing declined 9.2 percent as against same period of earlier year to US $245.72 billion. Among these, textile shipments amounted to $112.55 billion, down 9.8 percent, while apparel shipments reached $133.16 billion, a drop of 8.7 percent year on year. For the month […]
In the first nine months of the current year, Chinese textile and garment exports declined to US $223.14 billion, down 9.49 percent as compared to $246.55 billion in the same months of the previous year. “Of this, textile exports totaled $101.92 billion during the period from January to September 2023, a drop of 10.30 percent […]
The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]
In the period between January and July 2023, overseas shipments of Chinese textile and apparel exports totaled $170 billion, which is down 10 percent year on year. In the reporting period, garment exports touched $90.94 billion, a fall of 8.3 percent from the first seven months of 2022, while textiles shipments reached $78.85 billion or […]