Even as the business of textiles-fashion has seen a hit in post-COVID China, raging intermittently now too, what is surprising is the continuing rise in its total basket of exports.
- From the COVID-19 pandemic to the ongoing war in Ukraine — all these developments that have thrown global trade out of gear, have also impacted the textile business in China. Global consumption has slowed and that has directly impacted the supply chain.
The China Status: Since China is getting expensive, some production has also moved to other parts of Asia. However, what has helped is that Chinese entrepreneurs have invested in overseas factories. Plus, for the last three years China has been promoting online “matching and fairs. We even arrange chartered flights for companies to get orders. So, the total export continues to increase every year! Sounds magic, right?” the Founder & CEO of Lanka Marketing & Consulting, Jun Han told texfash.com.
- However, he said, although the shift is happening, albeit slow, the next five years will see more people investing outside. “The Chinese are very cautious and not very fast on moving.”
- Han was responding to questions after the recently concluded fifth edition of the World Textile Merchandising Conference (WMTC) in Keqiao city. This year’s edition saw participation from top China textile exporters and authorities that also included 50+ international textile associations.
