China’s textile and clothing industry set for growth, outpacing competitors

Despite a number of challenges, China’s textile and clothing industry is set for further growth, while its competitors suffer declines as a result of cutbacks by retail buyers, according to a recent issue of Textile Outlook International from global business information company Textiles Intelligence. Although the Chinese textile industry faces rising costs, an aging population and, in some regions, labor shortages, it has done reasonably well in 2011.