From:ChinaDaily | 2021-05-11 10:13
More efforts are needed for China to have a far greater say in the cotton textile industry and participate more in setting prices and formulating standards, experts said.
According to a recent report by Qianzhan Industry Research Institute, the economic shocks of order cancellations and reduced demand for new garments have severely impacted the textile and apparel industry during the coronavirus-stricken 2020.
"Currently, the top priority is to reduce inventories and make a medium to long-term sustainable development plan," the report said.
In addition to exporting a large number of masks, protective clothing and garments to the global market since the second quarter of last year, many Chinese garment manufacturers have also borne the pressure of growing labor, material and shipping costs as they have increased their output, said Sun Ruizhe, president of the China National Textile and Apparel Council.