Current location - Plastic Surgery and Aesthetics Network - Clothing company - Why did many textile and garment factories close down in 2005?
Why did many textile and garment factories close down in 2005?
1, because of the establishment of a socialist market economic system.

2. Vigorously reform includes state-owned enterprise reform, economic system reform and opening-up experiment. Because many garment factories did not seize the great opportunity of reform and opening up and did not develop themselves with the times.

3. It caused it to lose its original position in the market economy competition, thus triggering a wave of bankruptcy. Because of the impact of a large number of foreign capital and foreign brands, it has led to difficulties in development and nowhere to go, which has triggered a wave of bankruptcy.