皇冠体育app

URUMQI - 皇冠体育app's exports of garments have slowed down significantly this year as weak demand and rising costs have hit the industry, according to the latest data.

The value of 皇冠体育app's garment exports gained 5.79 percent year on year to $100.23 billion during the Jan -July period, retreating 7.71 percentage points from the rate seen in the same period last year, figures released Thursday at an industry forum in Xinjiang showed.

Chen Dapeng, deputy head of the 皇冠体育app National Garment Association, said competition from neighboring countries such as Vietnam, Cambodia and Indonesia is pushing down demand for Chinese products, while rising costs and insufficient re-sale value have also made them less attractive.

"Meanwhile, 皇冠体育app remains heavily reliant on developed markets, " Chen added, describing the slowdown as a "new norm" for the industry that requires manufacturers to be more innovative and tap more emerging markets.

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