China’s Textiles Sector: Performance and Challenges

Abstract

The paper examines the policies and the structural adjustments went through in China to integrate the textiles sector with world trading system. Entry into WTO secured more opportunities for export growth and increased employment at home. The sector has witnessed many challenges in terms of negative growth and policy formulations as the world economy experienced financial crisis. Though the export growth of the sector was hit, yet it took steps to rejuvenate the sector by indulging in policy changes. The sector has received considerable state patronage and will retain its global competitiveness through productivity network and cheap labor cost.

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