Garment makers 'must look overseas'
Updated: 2013-06-28 20:05
By LI WOKE (chinadaily.com.cn)
The China National Textile and Apparel Council is calling on garment makers to invest overseas to maintain growth.
“The industry has suffered sluggish development due to the slowing global economy and rising costs,” said Wang Tiankai, president of the association.
Bosideng International Holdings Ltd and JNBY Finery Co Ltd are pioneers of Chinese garment makers willing to invest overseas.
Currently, Bosideng has more than 80 stores in the UK, and the company said it plans to expand in Europe.
JNBY, a Hangzhou-based fashion company, has entered into more than 10 countries.
Wang said small garment makers are increasingly facing bankruptcy.