CHINA: Contracts Worth $273m Signed At Garment Festival
Organisers of this year's International Garment Festival have hailed the event a resounding success after 30 contracts worth $273 million were signed between Chinese and foreign enterprises.
Representatives of 40 international fashion brands attended the festival, including delegates from 14 countries such as the US, France, Italy, Japan, the Republic of and Taiwan. Korea, Hong Kong, Macao
Ningbo is China's best-known fashion centre, producing 1.3 billion garments per year, accounting for 12 per cent of the country's total. The city has also set up China's largest garment-production plant - the Yongor International Garment Base, which covers 42 hectares and cost $72 million to build.
Yongor is now one of China's largest garment makers and has occupied the largest market share of shirts and suits in China in recent years.
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