Beijing [China], July 15 (ANI): Domestic slump, combined with the decline in exports, as well as the US ban has put China’s once booming textile industry in trouble.
China’s textile manufacturing industry, which is the largest in the world and accounts for 7 per cent of the country’s GDP, is in a downward spiral, reported Financial Post.
The COVID-19 pandemic proved the major reason for decline in demand besides the incre
Domestic slump, US ban add to China’s textile industry’s woes
