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Growing demand Bangladesh's textile and garment industry is developing rapidly

Growing demand Bangladesh's textile and garment industry is developing rapidly

2024/07/11

In one corner of South Asia, there is a country known as China's "strange but familiar neighbor" - Bangladesh. With a territory of nearly 150,000 kilometers and a population of 161 million, this small South Asian country connects China, India and the world's three largest economies of ASEAN, and is the second largest garment exporter after China. It is one of the most economically dynamic countries in South Asia and even in the world, with an average GDP growth rate of more than 6% in the past ten years, and an economic growth rate of 7.86% in 2018, with the garment processing industry as its pillar industry. At the end of the 2017/18 fiscal year, Bangladesh's foreign exchange reserves amounted to US$32.943 billion, second only to India among South Asian countries.

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How will our garment factories survive in 2020?

How will our garment factories survive in 2020?

2024/07/11

"2019 is about to become a thing of the past, and it is an unforgettable year for all garment people, the international situation is changing, domestic new policies are frequent, workers are difficult to recruit, orders are deserted, and garment people are overwhelmed."

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In this decade, streetwear brands and luxury fashion have "exchanged lives"

In this decade, streetwear brands and luxury fashion have "exchanged lives"

2024/07/11

In the 2010s, we witnessed an "identity" crisis that rewrote the rules of the game. Streetwear doesn't want to do streetwear anymore, and fashion doesn't want to do fashion: they decided to be each other.

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Why is cost-effective a nightmare for new brands?

Why is cost-effective a nightmare for new brands?

2024/07/11

In 2019, the new consumption wave once swiped the screen, and high cost performance has become the "king" of the new consumption industry. A lot of new brands are excited. However, this year's Double 11 e-commerce data shows that the top 10 sales in each category are almost still traditional big brands. (It remains to be seen how new brands will break through individually) The so-called cost-effective and de-branding seems to be good, but at least so far, it has generally not shown the desired effect. Whether cost-effective is the "king" of the new brand is still up for debate. But what is certain is that most new brands will die in the dream of high cost performance.

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Is China's women's clothing market bottlenecked? Sales growth may slow to 2.7% this year

Is China's women's clothing market bottlenecked? Sales growth may slow to 2.7% this year

2024/07/11

n the highly digital retail environment, live streaming, social media and KOC are regarded as one of the breakthrough points for women's clothing brands. According to the report, from the perspective of the Youzan platform, the steady growth of China's women's clothing began in the second half of 2016 and ushered in an explosive period in the second half of last year, mainly due to the entry of traditional brands and Tao brands into social e-commerce, which provided the foundation for the emergence of grass-planting transactions in 2019.

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Add: South District, Zhongshan City, Guangdong Province
Contact Us: 086-760-88899390
E-mail: rico@qifuleather.com

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