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
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.
In the office of his family business, Alessandro Barberis Canonico recounts how one high-profile European client called him recently to say that he was giving up on China becaus…
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