HONG KONG — China’s rising labor prices troubled buyers and sellers at the recent Interstoff Asia textile fair.
Attendees and exhibitors at the event, which ended its three-day run March 16 at the Hong Kong Convention & Exhibition Center, said higher labor costs have been squeezing their margins as they are only able to pass on some of the added costs. To survive, they’re trying different approaches — offering more special products, shifting production and expanding their customer base to include more Asian clients.
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