As Chinese labor costs grow, Vietnam’s market advantages make it an ideal destination for China’s clothing producers, provided they strategize effectively
The Sihanoukville Special Economic Zone (SSEZ) in southern Cambodia has proven a key part of China’s Belt and Road Initiative in Southeast Asia, providing work opportunities to 14,000 Cambodian nationals and improving the area’s standard of living.
This year, bilateral trade looks set to reach a new level as experts anticipate Vietnam to become China’s largest ASEAN trade partner.
The year 2016 ushers in a new era of smart clothing in China. With an expected production of 26 million pieces this year, smart garments are predicted to grow from almost zero to the biggest player on China’s wearable device market.