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China setting up shop in the UK with Textiles City
February 21, 2008
Fascinating piece in the Wigan Observer about a project to build a Chinese textiles city in the United Kingdom. Reason: market proximity.
The project is expected to create more than 1,000 manufacturing and clerical jobs. It's to serve as a hub for China's apparel and textiles mills looking to expand trade in Europe. The deal is part of a push by the British government to boost bilateral trade with China by 50%. Developer Commercial Group Properties worked with the China Chamber of Commerce to bring off the deal. In the development, it will partner with Chinamex, a Chinese government-owned trading company.
Wigan, located in the northwest of England, was once a prosperous textiles center (or, as the Brits would have it, centre). Its last mill closed in 1980.
The UK Telegraph has more in the development here and here.
Posted by Jennifer Marks on February 21, 2008 | Comments (0)
