A quarter of Chinese production capacity used by global sportswear brands is lying idle, according to a manufacturing executive, as the protracted trade war pushes the biggest sports labels out of the Asian nation’s factories.
The exodus is forcing factories to offer discounts of 10 per cent to companies such as his to use their dormant production lines, Xtep International Holdings Ltd. Chairman Ding Shui Po said in an interview with Bloomberg in Hong Kong. The sportswear label is one of a handful of Chinese brands competing with the likes of Nike Inc. and Adidas AG.
“Factories are under pretty