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Chinese yarn makers shifting overseas unhappy by local cotton prices

Related Keywords: Chinese yarn makers, cotton price, Textile Industry

Chinese yarn makers have started shifting production overseas to secure cheaper raw materials, even going as far afield as the United States. The world's largest, firms such as Hong Kong-listed Texhong Textile Group and Shanghai-listed Bros Eastern Co are also leading the charge abroad, crippled by artificially high prices for cotton at home

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