This has led to the growth of textile and apparel exports in other Asian countries, especially Bangladesh, Vietnam, India and Cambodia. The direction of exports has also shifted to the ASEAN region, Brazil and India.
Attempts at government intervention are not always successful — take for example China’s policy on cotton purchasing to support the local cotton industry. The policy led to a stockpile of 11 million tons by late 2013 and a cotton price about RMB 5,700 per ton higher than the international market price.