Rising Labor Cost and the Comparative Advantage of Chinese Textile Industry Analysis

The textile industry is a typical labor-intensive industry, which is also one of the most comparative advantage industries of China. However, with rising labor cost in recent years, the comparative advantage of Chinese textile industry is facing challenges. Based on the theory of comparative advantage analysis, this article analyzes of the comparative advantages of Chinese textile industry based on the background of rising labor cost while propose that Chinese textile industry shall transfer the Comparative Advantage to Competitive Advantage.