Forum with apparel and manufacturing executives concludes China has no rival, for now

Leather goods factory in China

Apparel and manufacturing executives gathered in Hong Kong last week for the Prime Source Forum, an international debate which focused on analyzing China’s perspectives on maintaining its leading position as the world’s number one apparel manufacturer. According to WWD, while some t of the executives warned the growing risk of rising wages, the majority agreed that through improving productivity and better controlling the manufacturing process, China will be unrivalled in the next decade.

Despite new developments such as the Philippines signing a free trade agreement with the US, thus apparel being imported at duty free, and some manufacturers shifting production to ASEAN countries (Cambodia, Indonesia, Malaysia, Vietnam, Myanmar, Thailand, Brunei and Lao), neither these countries nor Eastern Europe are able to sustain China’s immense production capacity and ability to manufacture the most intricate products.