There are certain countries whose economy is gaining momentum and some other countries that are entirely indifferent to the lethargic global economy. China is one such country, whose textile industry is one of the most lucrative and rapidly growing sectors globally. The textile and clothing industry is the largest manufacturing industry in China. It has about 24,000 enterprises and employs about 8 million workers.
China's retail sector is also blooming, as despite the economic downturn, the overall retail sales were reported to be up by 15.5 percent. In the apparel retail sector, China has registered a remarkable growth, both within the country, as well as, outside the country. As per the A.T. Kearney Global Retail Development Index, China occupied the topmost position in terms of market attractiveness, retail development, and country risk for their clothing retail industries.
China's retail sector is also blooming, as despite the economic downturn, the overall retail sales were reported to be up by 15.5 percent. In the apparel retail sector, China has registered a remarkable growth, both within the country, as well as, outside the country. As per the A.T. Kearney Global Retail Development Index, China occupied the topmost position in terms of market attractiveness, retail development, and country risk for their clothing retail industries.