Forecast for the Asian textile and apparel sector
Given the current climate in Asia's textile and garment sector, the view shared by many executives in the industry is that for the foreseeable future, China will remain the leading textile and apparel sourcing country.
According to Kutluhan Samataci, Senior Vice President, Li & Fung Sourcing, there is no other country or region that will be able to match China in terms of scale, infrastructure, efficiency, expertise and stability. China has a long history and culture of textile development and despite government initiatives to reduce the focus on low-end manufacturing, China's textile and garment industry still produces more than 40 percent of global textile and apparel exports. This figure is still growing despite high material costs and RMB appreciation.
Forecast for the Asian textile and apparel sector
Given the current climate in Asia's textile and garment sector, the view shared by many executives in the industry is that for the foreseeable future, China will remain the leading textile and apparel sourcing country.
According to Kutluhan Samataci, Senior Vice President, Li & Fung Sourcing, there is no other country or region that will be able to match China in terms of scale, infrastructure, efficiency, expertise and stability. China has a long history and culture of textile development and despite government initiatives to reduce the focus on low-end manufacturing, China's textile and garment industry still produces more than 40 percent of global textile and apparel exports. This figure is still growing despite high material costs and RMB appreciation.
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