On the 3rd Annual Meeting and Summit of Men''s Wear Commission, Jiang Hengjie, Executive Vice President of China National Garment Association said the competition within Chinese menswear industry has been upgrading; China's international competitiveness shifts from labor cost advantage to advantages in product development, product quality, brand creativity and cultural innovation.
During industrial structure adjustment and upgrading, industrial resources start to flow and restructure; industry regional distribution goes through minor adjustments. Rising competition appears in domestic market which becomes the focus of companies.
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