China Insight: Chinese Apparel Stocks Surge as Global Markets Tap Into Asset Revaluation Opportunities

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China Insight: Chinese Apparel Stocks Surge as Global Markets Tap Into Asset Revaluation Opportunities
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Since late September, there has been a reassessment of Chinese assets and apparel companies listed in the A/H share market are reaping the benefits.

The 330,000-square-foot CSSC Pavilion, once a historic large-scale shipyard spanning the Huangpu River in Shanghai, has been transformed into “The City of Genius.

Ping An Securities’ research indicates that, driven by the recovery of discretionary consumption, companies in apparel manufacturing and exports are likely to encounter new opportunities. Furthermore, businesses that export clothing and home furnishings may continue to reap benefits, and apparel brands, after a revaluation adjustment, could also see market increases.

On Oct. 12, the Global Apparel Conference held a press conference to announce the 2024 annual conference, which will take place from Nov. 20 to 22 in Humen, Dongguan City, Guangdong Province. In fact, the first Global Apparel Conference last year has already helped spark growth for Humen’s apparel industry. Xing Wenju, a standing committee member and deputy mayor of Dongguan City, stated, “Out of 12,000 textile, apparel, and footwear manufacturers in Dongguan, 1,200 large-scale enterprises have reached an industrial output value of over $13 billion, a nearly 10 percent increase year-over-year.

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