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Industry reshuffle becomes clear
Author: MIG CLOTHING LIMITED Time:2011-11-9

The garment industry picks up in 2011 with several indicators better than the previous year, but problems like less garment production, decrease in industry profitability and the worsening of the loss-making enterprises happen in the industry. In a short term, the garment industry will encounter many hidden troubles, increasing competition in the market and expediting the trend of industry reshuffle due to the influence of unfavorable factors such as slow economic development, cost increase and weak demand of overseas markets. But in a long term, China's garment industry will meet the chance of rapid development with income growth and consumption upgrading.


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