High costs turn textile buyers back to Europe
Rise in China wages is outpacing the economy, now it is simply no longer cheap enough to compete just on price
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Biella, Italy
INTERNATIONAL textiles buyers are increasingly switching away from China - and turning back to Western suppliers - as rising labour, raw material and energy costs make the world's dominant producer more expensive.
In Biella, a small town in the foothills of the Alps at the heart of northern Italy's wool industry, factory owners said that a narrowing price difference with China and demands for nimbler production nearer home are winning back higher-end customers.
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