China eagerly waiting to collaborate with Bangladesh

China is looking forward to shift some of its garment factories to Bangladesh amid a raging and inconclusive US-China trade war and rising costs in the economy. Not only Bangladesh, they are looking at Myanmar too for setting up their factories.

The main reasons behind this shift are rising production costs, lack of skilled workers in Chinese textile and garment industry, shifting base to IT industries and over investment in Vietnam and Cambodia. China mainly wants to set up factories of fabrics, garments, printing and dyeing in Bangladesh.

Few Chinese entrepreneurs even visited Bangladesh to explore their investment opportunities. "I have seen very young and energetic labour force in Bangladesh in the readymade garment sector. Their skill and quality of work is really world class. If I manufacture here, the price will be cheaper than in China", said one of the entrepreneurs.

Until now, Bangladesh has limited their presence to high-end and value-added textiles and garment and hasn't allowed foreign investment in basic apparels.

Another Chinese garment maker, Francis Man Piu Cheng, said he was impressed by the skilled workforce and mature management of Bangladeshi garment factories, which further adds more reasons to shift factories to Bangladesh.

The raging US-China trade war have worried many of China's garment manufacturers. Americans are importing 12% less from China following the inconclusive trade negotiations.

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