China’s textile market in Europe will shrink
According to Vietnam’s “VNA” report: After the Seine-Saint-Denis fashion show in France on February 16, a study published by the French Textile Association showed that the main supplier of French stretch cotton sweaters in 2011 was Bangladesh accounts for 28% of the market share; followed by China with 13%; Turkey with 12%; and India with 11%.
Research shows that the world supply, demand and procurement situation in 2012 will have a great impact on China, the EU’s largest supplier of textiles for a long time. EU partners believe that it is very difficult to trade textiles with China. First of all, the price of labor in China has risen. The average salary of employees in Chinese textile companies is now about 188-300 euros, which is lower than that of Bangladesh, the country with the lowest wages in the world’s textile industry (about 80 euros). Euro) is too high, and every Spring Festival, nearly 20-50% of textile workers no longer return to textile companies. In addition, as China’s domestic demand increases, many foreign trade companies have given up on foreign customers with small orders in the international market.
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