Related Keywords: Bangladesh, China stands as the world leader USD one hundred seventy billion, competitors in Asia, garment making industry, not much capital input required, resisted automation, Sri Lanka and Cambodia growing, stagnant demand in world market, trend since early last year down, unit prices are down, Vietnam, worthe of garment exports
China though stands as the world leader with US$170 billion worth of garment exports a year but the trend since early last year has clearly been down, in part because of stagnant demand in world markets and, to some extent, because unit prices are down.
The dilemma for all developing economies that rely heavily on the rag trade is now facing China as new competitors emerge underneath it.
