News Analysis
Under the impact of the Sino-US trade war, China’s economy has continued to decline. Domestic demand is weak, foreign trade is stagnant, and China’s textile and garment industry is in deep trouble after a wave of production closures.
China’s Textile and Garment Industry Is in Deep Trouble
Foreign trade stagnant and domestic demand weak
Under the impact of the Sino-US trade war, China’s economy has continued to decline. Domestic demand is weak, foreign trade is stagnant, and China’s textile and garment industry is in deep trouble after a wave of production closures.
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To avoid the high tariff, there are more and more Chinese products transshipped to a third country before ship to the United States. STR/AFP/Getty Images
By Yi Ru
Updated:
