Mainland Ready To Wear Retail Sales Soar In The Next Few Years

< p > < < a href= > http://sjfzxm.com/news/index_x.asp > > China > /a > the mainland government is committed to encouraging domestic consumption growth to offset the possible slowdown in garment exports. It is estimated that in the next few years the apparel retail market in mainland China will be expected to soar.

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The latest P report suggests that the rising cost of mainland China has forced more and more Western clothing brands and retailers to reduce their purchases from mainland China and move their garment manufacturing elsewhere.

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According to the report, in response to this trend, the mainland government of China is pushing forward the growth policy of the domestic garment market to fill the gap caused by the obvious decline in competitiveness of the manufacturing industry, P.

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The cost increase in mainland China is partly due to a significant increase in fuel costs and pportation costs. < p >

Meanwhile, wages in mainland China have risen much higher than in many other Asian countries.

In addition, as the Chinese mainland government has promised to consider raising the minimum wage standard by 13% every year for 2011-2015 years, the wage cost of mainland China will grow further.

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< p > the early signs of pfer of garment production have already appeared in the trend of EU garment imports.

In 2013, the share of total imports of all garments from mainland China decreased from 41.7% to 40.1%, and the number of imports fell sharply in the same period last year.

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< p > however, although mainland China accounted for 37.3% of the total market share of all garments imported from the United States to 37.3%, its volume share rose, but it was largely offset by rising prices due to increased productivity.

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< p > generally speaking, garment enterprises reduce production in mainland China and move to other low-cost countries, mainly in Asia.

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< p > in fact, in 2013, the most powerful garment imports in the EU came from countries such as Bangladesh, Kampuchea and Pakistan, while the most robust growth of the apparel import market in the United States came from Bangladesh, Sri Lanka and Vietnam.

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< p > the growth potential of mainland China's domestic market is enormous.

The per capita consumption expenditure of garments in mainland China is very small. Although there has been significant expansion in recent years, compared with the average per capita consumption of Germany, the United Kingdom and the United States in 2012, about 1400 US dollars per capita consumption, mainland China's per capita consumption of clothing in urban areas is only 290 dollars, and only 63 dollars in rural areas.

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< p > if mainland China's clothing consumption per capita climbed to 1400 US dollars, the domestic demand of mainland garments will reach 15600 billion US dollars per year, much higher than it is now! < /p >

The above P demand will far exceed any possible export decline, which is equivalent to about nine times that of mainland China's clothing exports to all target markets in 2013.

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Therefore, it is not surprising that some Western clothing brands and retailers are expanding their retail business in mainland China to grasp the expected business opportunities of the mainland's domestic demand. P

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Less than P, however, one of the biggest business opportunities in China's retail industry is e-commerce, which is also expanding rapidly in the western market and Japan.

For example, Burberry, Cherokee, Coach, HugoBoss, Kering, Levi 's, NeimanMarcus, Uniqlo and Zara have all established online stores in mainland China.

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