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TEXTILES IN A BIND

2008-03-20LANXINZHEN

Beijing Review 2008年19期

LAN XINZHEN

The profit margin of textile exporting companieshas shrunk greatly, challenging the verysurvival of those companies.

Pessimism has spread acrossthe nation's textile and ap-parel exporting enterprises."At present, we don't competeover who make the biggest money, but onwho can sustain their business the longest,"said Xi Guoying, a textile manufacturer inBeijing. But even this slight dream of surviv-al could be an extravagant hope. Xi said thatif he does not get more orders, his companywould have to give up exporting.