Survey of Chinese Garment Company Strategies - Summer 2005 Buying Season

Released on = April 19, 2007, 4:25 am

Press Release Author = Namrata

Industry = Small Business

Press Release Summary = Quota elimination at the end of 2004 will trigger a major
restructuring of the global textile and clothing industry from which China will be
the main beneficiary

Press Release Body = Survey of Chinese Garment Company Strategies: Summer 2005
Buying Season

Quota elimination at the end of 2004 will trigger a major restructuring of the
global textile and clothing industry from which China will be the main beneficiary.
The world's buyers now have greater access to China's low price garments and will
shift more orders to the country. Many predict that China's share of US and EU
clothing imports will double or even treble in the next five years. 91% of
respondents in a survey of Chinese summer garment suppliers were expanding capacity
in anticipation of increased orders, and intended to focus on higher value EU and US
markets at the expense of Asia. New factories are being built and existing factories
expanded. Workers are being hired and machinery purchased. Products with the highest
expected growth rates were said to be men's T-shirts, men's casual shirts, women's
summer dresses, and girls' summer wear. However, the industry faces major
challenges.

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