Financial Times FT.com

US downturn hits Asian garment makers

By Raphael Minder, Amy Yee, Amy Kazmin, Tom Mitchell and Robin Kwong

Published: February 10 2008 17:36 | Last updated: February 10 2008 17:36

An expected downturn in US clothing demand is adding to the woes of Asian garment makers already struggling because of rising costs and stronger currencies.

In China, which just three years ago was entangled in a trade dispute with the US and the European Union over export quotas, concerns have switched to the spiralling costs that are eroding its competitive advantage.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this