Plunging demand is closing factories and pushing down input costs throughout the Asian supply chain as factories try to adjust their output to a market where there is still little clarity about when consumer spending will return to more normalized levels. And a central part of the adjustment has been the role of China, which has seen its importance as an apparel exporter shrink even as it becomes more important as a supplier of inputs to the rest of the region. China’s share of global clothing exports dropped from 37% in 2010 to 31% in 2018, while its share of ... Log in to view full article.