Textile and garment exporters are upbeat about their success this year, however they are worried about the expected increase in value of yuan that could add to export costs.
This positive attitude is a result of companies?efforts to adjust product mix, develop new materials and styles, promote their brands and for some, relocate their factories, said exhibitors at 16th East China Fair which opened at Shanghai New International Expo Center yesterday.
Jiangsu Hongdou Import & Export Co Ltd, an export unit of Hongdou Group, said it expects exports this year to reach US $100 million from US $80 million last year.
The group expected a stable growth for industry, said Lu Dongmei, a company official.
Moreover, the business with the US and the EU in last six months of previous year created a stable market environment, she added.
A new factory with US $50 million manufacturing capacity of garments became operational in January to meet expected demand, she added.
