The Comparative Advantage and China's Textile Industry
Duan Wenping
Abstract
Duan Wenping
Abstract
China's textile industry is a highly competitive one with much international dependence. It also is a labor-intensive industry, which has a comparative advantage over other countries. According to the theory of comparative advantage, the article analyze the current situation of China's textile industry and points out its competitive disadvantage in international market, then brings about a new strategy to construct the competitive edge of China's textile industry.
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China's textile industry is a highly competitive one with much international dependence. It also is a labor-intensive industry, which has a comparative advantage over other countries. According to the theory of comparative advantage, the article analyze the current situation of China's textile industry and points out its competitive disadvantage in international market, then brings about a new strategy to construct the competitive edge of China's textile industry.
Key concepts: Comparative advantage, Competitive advantage, China, Textile industry, Disadvantage, Industrial organization, Textile, Business