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China : Sinkiang clothing processing units need Govt grant |
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2006-7-21
Lack of high technology is a challenge faced by clothing processing enterprises of Sinkiang Province as the enterprises have failed to meet demand of local clothing enterprises.
The size of clothing supplementary markets of Province cannot meet the demand of local enterprisers, and therefore, clothing supplementary, including silk thread and embroidery, have to be purchased from other provinces.
Expressing concerns over the situation, experts said that scarcity of financial resources prevent the mid and small processing enterprises from equipping their units with advanced machinery.
Moreover, banks and other financial organizations are interested only in granting loans to big enterprises.
Experts also added that Government should supply more support to clothing enterprises to develop local trade.
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