Huang Yuefeng, Ministry Of Commerce: China'S Textile And Clothing Trade Still Faces Many Challenges.

Reading: the deep impact of the international financial crisis has not yet completely withdrawn. The prospects for the recovery of the world economy are still uncertain. With the gradual entry of China into the ranks of middle-income countries, the cost of labor and other elements continues to rise, and traditional comparative advantages are facing severe challenges.

In November 1st, the "2010 China" hosted by the Ministry of commerce at the 108th Canton Fair Exhibition Hall.

Judging from the international market, the deep impact of the international financial crisis has not yet completely withdrawn, and the prospects for world economic recovery remain uncertain.

With China gradually entering the ranks of middle-income countries, labor costs and other factors continue to rise, the traditional comparative advantage is facing severe challenges.

Huang Yuefeng said that the foreign trade department of the Ministry of Commerce will follow