Rising labor costs and the strengthening yuan are prompting overseas investors to seek alternatives to manufacturing in China. In China’s biggest export markets, the United States and the European Union, China’s market share began to fall for the first time in 2011. China has lost a little import market share in labor intensive manufactured goods, particularly textiles, fibers and clothing. However, a clear trend has yet to be formed. Meanwhile, China continues to move up the value-added chain.

Research and Markets latest report forecasts the Apparel market in India to grow at a CAGR of 12.65 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing urbanization in India. The Apparel market in India has also been witnessing increasing online retail sales. However, the increase in the number of counterfeit apparels could pose a challenge to the growth of this market. The key vendors dominating this space include Aditya Birla Nuv

The 23rd session of SPINEXPO Shanghai, which takes place March 11 – 13, 2014 at the Shanghai World Expo Exhibition & Convention Centre, promises visitors to “expect the unexpected” this season at the international textile exhibition for yarns, fibres, knitwear, knitted fabrics, creative trend developments, and innovative textile machinery. The theme of the show, is “Breaking the Boundaries,” offering a fresh take on colours, yarns, knitwear, and knitted fabrics for Spring/Summer 2015.

China's economic growth was 7.7 percent in 2013, just above the target of 7.5 percent set at the beginning of the year, the National Bureau of Statistics said on Monday. Niu Li, an expert with the State Information Center, a think tank under the National Development and Reform Commission, forecast the growth rate would slip back to 7.5 percent in 2014 because of domestic challenges such as overcapacity, fiscal risks and rising property prices. "There is still no sign that 2014 will see a

For KARL MAYER Textilmaschinenfabrik, 2014 began with a high-level visit from the Indian Textile Minister, Dr. Kavuru Sambasiva Rao, who announced that he would pay a flying visit on 9 January. This member of the Indian government took advantage of his visit to Heimtextil in Frankfurt to make a trip to nearby Obertshausen to meet this well-known manufacturer of warp knitting machines and warp preparations machines, who is extremely active in India. Among others, the minister was accompani

The Sri Lanka Apparel Exporters Association (SLAEA) targets an export income of US$ 4 billion by the end of this year, SLAEA Chairman Yohan Lawrence told a seminar on ‘Port development in Sri Lanka’ organised by the Shippers’ Academy and the Sri Lanka Apparel Exporters Association last week. Lawrence said that income from apparel exports will increase this year compared to 2013. Revenue from apparel exports last year was US$ 3.8 billion, a 11 percent increase compared to 2012. Apparel export

Many Chinese companies are all set to invest in Pakistan's textile industry and a Chinese delegation has recently visited Pakistan to assess the investment potential in Pakistan. They are interested to know about the working environment, gender equality, price and quality competitiveness, transportation cost between province of Punjab to Chinese province Xinjiang through road link while using the Gwadar Economic Corridor. Prime Minister Nawaz Sharif has announced construction of road link be

The average losses incurred by a garment factory due to the most recent spell of shutdowns and blockades would cross $600,000, the Centre for Policy Dialogue said yesterday. The think-tank came to the inference based on the findings of an impact assessment survey conducted by the Bangladesh Garment Manufacturers and Exporters Association on 42 units between December 1 last year and January 11. “Whilst no comprehensive damage assessment is available, it is highly conceivable that the sector

Vietnam’s garment sector is too dependent on foreign imports according to Pham Xuan Hong, Vice Chairman of the Vietnam Textile and Apparel Association (VITAS). Vietnam’s garment exports spiked 16.3% to a record high US$20 billion in 2013,which included garment and textile sales of US$17.9 billion,with the balance coming from ancillary products. However, major input materials, currently estimated at more than 70%, such as fabrics, labels, zipper pullers, and strings are imported from overse

China has moved to the world top spot in trade competitiveness in terms of the number of export items, according a report from South Korea’s International Trade Association Thursday. The report said China secured the spot as its number of export items reached as many as 1,485 in 2012. The next spot was taken by Germany (703 items), followed by the U.S. (603) and Japan (231). The Chinese manufacturers have overtaken South Korea by exporting 440 out of 779 in the textile products categ