Made the printed labels with affordable price

[peter men]

Now the garment industry in China is undergoing a new wave of upgrading, changing their growth patterns, boosting other relevant industries such as dealing in printed labels for enhancement of brand, gaining pace in structural readjustment, deepening collaboration and innovation between the upstream and downstream players and building a modern industrial network, so as to fulfill the new wish of a better life for all races of people, meet the new requirements of scientific development in the middle and late period of China's industrialization, find its new position in the global economy, create new competitive edge in the international cooperation and competition, and grow from a big industry into a strong one through continuous innovations.

In fact, there are a great many advantages if the renminbin is accepted as the international currency. Based on the appreciation of RMB, enterprises, especially those dealing in export-oriented products like garments and printed labels can ward off risks through RMB settlement of cross-border trade transactions. RMB settlement will lower exchange cost and avoid exchange rate risk that domestic enterprises would like to cooperate with banks. However, it is hard for them to attain the leading role in imports and exports. Therefore, the requirement of RMB settlement is often rejected by foreigners. At present, RMB does not freely convert and flow. Moreover, capital plan on the mainland is still restricted. Those factors result in RMB rejected by overseas enterprises.

In the late 80s developing countries overtook industrialized countries in their share of T&C exports, and now account for 50 % of world exports of textile and 70 % for clothing. This difference is explained by the fact that the clothing industry is more labour intensive than textile, thus labour-abundant developing countries have a comparative advantage in clothing. That is the reason why manufacturers, especially those engaged in printed labels with affordable price, are situated in developing countries.