Released on: November 5, 2007, 1:59 am

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: China’s apparel industry has got a new mantra for
success - it is shipping apparel and textile products to various countries and phase
out of MFA clause from WTO has eased the process for the country.

Press Release Body: China is proving its dominance in every sphere. Almost every
industry of the country is running on a treadmill and retail industry is no
exception. China, with a well-established garment industry, is one of the important
names globally. It is the fifth largest producer and exported of textile and apparel
in the world, says “China Apparel Retail Analysis (2007-2008)”, a latest
report on the Chinese retail sector with focus on apparel segment by the leading
market research consulting services company RNCOS.

The report says that China’s apparel and textile export increased by nearly
25% in 2006 from 2005. As per China Textile Industry Association’s data given
in the report, the country exported textile and apparel of worth US$ 32.23 Billion
during a short period from January to March 2007. With such impressive export
statistics, textile industry is considered a strong pillar of China’s economy.


Also, the report suggests that the gradual elimination of MFA clause from WTO will
give China an opportunity to amplify its textile and apparel export, as it’ll
remove the quota restrictions globally on some commodities. It will also make the
free flow of China’s textile and apparel exports possible without any quantity
restrictions.

Chinese apparel and textile industry is not only lucrative for domestic players but
it is also wooing the international giants too. Apparel and textile manufacturers
from all around the globe are flocking to China to leverage from the market, thus
heating up the competition. “China Apparel Retail Analysis (2007-2008)”
counts the reasons for this mad rush to China; it says that high disposable incomes,
growing brand-consciousness, and high investments in the sector are some of the
reasons that are acting as bait for the global manufacturers.

The RNCOS study also highlights the factors that are holding back the
industry’s growth, including high global tariffs, increasing inflation
pressure, and insufficient professional managers.

The comprehensive report charts out the performance of various segments of the
industry, like casual wear, men’s wear, ladies’ wear, children’s
wear, woolen clothing, and trousers and leather wear. It presents an overview on
China’s apparel and textile clusters and analyzes the consumer behavior and
future prospects for the industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM536.htm
Current Industry News: http://www.rncos.com/blog


Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com