Chinese textile prices may go up 30-40% due to power cuts

Chinese textile prices may go up 30-40% due to power cuts

Chinese Textile Price May Go Up Prices of textiles and garments made in China are likely to rise by 30 to 40 per cent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage …

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