Strong Government Support to Drive Chinese Apparel Industry

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Apparel and textile industry forms an integral part of the industrial sector in China. While the government emphasis on promotion of manufacturing sector has given a new dimension to the industry, presence of skilled & cheap manpower, strong production line, and favorable policy framework has provided a competitive edge to it, says our new research report “China Apparel Industry Analysis”. Total Chinese apparel market is expected to reach US$ 227 Billion by 2013, growing at a CAGR of around 22% during 2010-2013.

Our report identifies that, despite unfavorable global economic conditions, Chinese apparel industry witnessed tremendous growth during the last few years, mainly on the back of strong government support. Government efforts and private domestic players’ participation have boosted the Chinese textile and apparel industry. Due to the favorable economic environment, government support in the form of tariffs and tax incentives and availability of cheap labor, Chinese textile and apparel industry has been growing at the remarkable pace compared to other Asian countries.

However, at present, rising presence of international brands is driving the Chinese apparel industry. A significant rise in the personal disposable income and Western culture influence are the factors responsible for the expansion of international brands in the country.

Besides, we have done thorough research and prudent analysis of some critical factors acting as a catalyst for the industry’s current and future growth outlook. The report also discusses the market structure, current and past market performance of the industry. In addition, it presents a segment level analysis of the industry to facilitate a balanced market understanding.

“China Apparel Industry Analysis”, also provides information of the key competitors in the market along with their business information and areas of expertise. The report shows a highly concentrated structure of the market, with the top players dominating the market. It provides segment level analysis of the industry along with emerging trends that may shape up with the betterment of economic conditions. The research will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry. The report provides an extensive research on the recent trends of the Chinese apparel industry along with impartial analysis considering the impact of financial crisis on its performance.

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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