The end of China's cheap denim dream# x5 Y" V9 w& c4 e' j
中国廉价牛仔裤将消失
Rising labor costs and a shortage of cotton means that China's days at the head of a denim empire could soon be numbered, the Daily Telegraph reports.% k1 q1 p: [/ ~; |4 t
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英国《每日电讯报》消息,由于劳动力成本上升及棉花短缺,中国雄踞牛仔裤王国的日子将屈指可数。
24-year-old Wei Xiaofeng's company has helped British clothing stores to offer cheaper and cheaper fashion -- jeans that cost less than 100 yuan or T-shirts for 30 yuan -- and turned the likes of Zara, H&M and Topshop into global giants. But now Wei's company is in crisis and has stopped taking orders from the West.
Now, the Chinese factories have hit a wall. The workers who were once happy to work for as little as 300 yuan a month now want 10 to 15 times that sum. Meanwhile, the price of cotton has skyrocketed to levels not seen for 30 years. Floods in Pakistan and Australia, an export ban from India and now the wave of revolutions across the Middle East has made cotton unaffordable.
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