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Transfer And Reorganization Of Textile Industry In Southern Provinces Of China
Because of the continuous appreciation of RMB and the rising domestic labor prices, domestic textile prices began to rise, which directly led to partial reduction in European and American orders. Most textile enterprises in southern provinces of China began to carry out industrial restructuring and innovation, and had a tendency to shift to the central and western provinces and beyond.
Bangladesh newspapers carried out a lengthy report on this phenomenon.
Bangladesh has always looked to Chinese enterprises to increase investment in Bangladesh to boost their economy.
They believe that the current predicament of Chinese textile enterprises is a great advantage for them.
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