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China : Hangzhou cloth market - from rags to riches |
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2006-5-10
China : Hangzhou cloth market - from rags to riches
Hangzhou based small market of scrap clothes has turned into a big one selling oddment clothes and yarn.
Market deals into retail and wholesale of scrap cotton cloth at about RMB2 per metre, while silk cloth goes for about RMB11 per metre.
Oddment clothes are put together to manufacture mats, tablecloth, slippers, baby shoes, purses and other such articles.
Scrap cloth industry is emerging in a big way in China and has a potential to flourish in the long run.
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