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Trade spats hem in China garment makers
(Reuters)
Updated: 2005-10-02 14:27
But even Hong Kong manufacturers, many of whom kept factories in Hong Kong open in case there were problems, will be squeezed by the 10-20 percent higher cost of doing production runs outside of mainland China, Poon said.
Clothing makers producing in China will have to stay on their toes.
"There will be lots of uncertainty ahead," Poon said.
"For businessmen," said Felix Chung, director of the Hong Kong-based Global Apparel Group Ltd., "uncertainty is the worst thing in the world".
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