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January 16, 2006
Chinese Report Fall In Textile Orders
Chinese textile manufacturers are reporting a sharp decline in fall orders following the introduction of new quotas for the export of some textile and garment products to the U.S. and European Union.
The decline in orders has led to numerous layoffs, especially in the Guangdong region, where a number of textile manufacturers are located.
The sourcing shift caused by the export restrictions could also lead to some pricing issues for clothing retailers who find that garments sourced elsewhere are more expensive.
Posted by Blacks on January 16, 2006 09:44 AM
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