CHINESE|ENGLISH

Part of the Textiles export enterprises transfer their factory to Southeast Asia (08/24/2011)

Updated: 2011/8/24 10:40:00

17th August, 2011, During conference of foreign trade operation problems and trends, the national development and Reform Commission said, because the domestic workers increasing wages and the appreciation of RMB and other factors, some export enterprises will have transferred their factories to abroad in July.

The NDRC also said, from the beginning of 2010, industry competition of Vietnam, Indonesia and other countries increases apparently, First main show is the low wage workers, $70 to $90 per month in Vietnam, Indonesia around $130; second main show is Vietnam, Indonesia and other countries currency basically stable compared to appreciation of the RMB; third main show is in Vietnam, Indonesia and other countries not exist export quota; fourth main show is the Indonesian exports to the EU´s products enjoy preferential treatment, 2.8% were exempt from import duty.

The NDRC says, at present Chinese export enterprises have began transfer their factory to Vietnam, Indonesia and other Southeast Asian countries, but will left the headquarters and R & D in china. Such as crystal garment, Walsin technology enterprises have transferred low technology products to Southeast Asia country.

Source: CTEI

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS

CTL