For this uphill task, it aims to revamp the industry. As a result, it resorted to the drastic step of laying off 444,000 workers last year. Despite the downturn, the administration's director, Du Yuzhou, believes that better times are in store for textile manufacturers.
Plans are also afoot for management restructuring, mergers and acquisitions.
As the market environment becomes increasingly competitive, manufacturers are paying close attention to brand development. However, they need to lower production costs and expand market shares while they upgrade both quality and technology, says the chairman of the China Garments Association, Jiang Hengjie. The brightest spot that will come into view is when China joins the World Trade Organisation. All rights reserved.