Is the world ending dependence on China for apparel and textile trade? China’s statistics say NO, contrary to speculations!


Source: apparelresources.com apparelresources.com

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Is the world moving away from China which is heavily dependent on it in terms of apparel trade? The August statistics give a thorough answer to all these predictions. by Nitish Varshney 17-October-2020 | 7 mins read 2020 has been a tough year for global apparel trade as well as fashion retail industry. The pandemic has created an uncertainty in the market and has restricted consumer spending which is making a huge dent on the revenues of fashion retailers, severely hurting the entire fashion supply chain. Amid all this, the already triggered trade war between USA and China, coupled with...