Rising wages, rising production costs and labor shortage, with the emergence of a series of factors, people have discussed that knitting production is moved from China, many factories and buyers also to seek more opportunities abroad. However, after they have experienced in overseas countries, many manufacturers have returned to China.
"China is still the first choice for knitting industry," some key persons of a large number of knitting enterprises said, “Most of our orders are finished in here China in the last 10 years, with less than 10% of the order in other countries." "Regional operations will continue to stay in china. Southeast Asia will occupy a part of market share, but the whole industry cannot be moved to Southeast Asia, because there is a lack of appropriate support, such as plant operations of middle managers, suppliers of raw materials, accessories and chemicals, and also lack of infrastructure construction. "
Knitting is a highly automated and capital intensive industry. Less developed countries will be very difficult to catch up with the development of China.
In terms of labor costs, of course, Chinese labor is much more expensive than the Southeast Asian countries’. However, for the more complex products, South East Asia cannot replace China. So, from the beginning to the present, the strategy of Chinese knitting companies is to do other countries cannot do. Therefore, they never pay attention to the competition from low cost countries.
Just like Consinee group, it has a unique knitting process and patented technology, which makes it unable to replace.