Related Keywords: apparel makers, China exports about billion worth of clothing annually, companies increasingly moving production of low value added goods, cut costs, pull the U.S. out of TPP, shift of textile production to slow down, U.S. President-elect Donald Trump, under heavy pressure from clients, unrivaled textile king of Asia, wages in China doubled
China exports about $169 billion worth of clothing annually. It used to be the unrivaled textile king of Asia. But with wages in China having doubled in the last five years and apparel makers there under heavy pressure from clients to cut costs, companies are increasingly moving production of low value-added goods out of the country.
