Related Keywords: adapting to new normal, biggest markets the United, China imports textile and apparel products, Chinese textile and apparel industry, losing competitive edge in mass production, number one contributor to China’s foreign trade, production and labor cost, reality of slower growth rates, rising dramatically, Textile Industry Chamber of Commerce
With China’s production and labor costs in the textile and apparel industry rising dramatically and exceed those in of many other Southeast Asian countries, including Malaysia, the Philippines, Indonesia and Vietnam is the cause of China losing the competitive edge in mass production. China is changing its strategy by adapting to ‘new normal’.
