Shanghai is ready to welcome the apparel industry for business interactions and product sourcing, from August 29-31, 2022 at Intertextile Shanghai Apparel Fabrics – Autumn Edition. Fairgoers can look forward to profiting from the favourable conditions of the Chinese market with support from the global apparel textile flagship’s reputable platform.
A joint report by McKinsey and The Business of Fashion estimates that global fashion sales in 2022 will surpass 2019 levels by between 3 – 8 per cent, with the strongest recovery to be seen in China and the US markets, followed by Europe. This has been aided by a boom in online commerce in China over the last year, with total international e-commerce transactions climbing 15 per cent, according to China Customs. Statistics from the China National Textile and Apparel Council also show that China’s textile industry and foreign trade is back on track, with exports of apparel and accessories items reaching a record high of $334.63 billion in 2021. These reports encapsulate the resilience of the fashion industry, which has shown adaptability, innovation and the introduction of new strategies enforced by unprecedented and challenging times.
Participants at the latest autumn edition echoed this forecast, noting the strong recovery in the Chinese market, such as Renee Tang, chief executive officer of Shanghai Run Unison Enterprise who represented Linton Tweeds from the UK. “China’s textile industry is now booming and has done especially well in bouncing back from the disruption of the pandemic. We have also found that the addition of more foreign fabrics has further driven development within China’s entire textile and clothing industry, introducing additional trends and product development,” said Tang.
Read more about Intertextile Shanghai Apparel Fabrics to begin from August 29