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  • Chinese textile exporters struggle amid rising costs

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    Exporters of textile trade in Canton Fair, the largest trade fair in China, for example the struggle to survive amid rising costs of raw materials and labor.

    "Wages have increased as much as 30 percent. But several of our partner plants have stopped production because of the worker shortage," said Chen Su, the assistant to the general manager at Sunvim Group, China's biggest home textile company, Thursday.

    Furthermore, commodity prices are rising rapidly. Cotton prices have increased by 18 to 160 yuan ($ 2,720) and 27,405 yuan per tonne, 51 per cent increase. The prices of other tissues in addition to this increase.

    In addition, labor and raw material shortages often inhibits the production of textile mills, led to delays in delivery, one of the biggest concerns for buyers.

    Elliot Gessle, a British buyer at the Canton Fair, thinks Chinese textile products have lost their competitiveness. "Prices of most products are rising. But delivery delays have been the greatest headache," he said.

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