“In China, it’s hard to beat other people on the price nowadays. The advantage of low prices, if not gone already, is gradually fading,” said Eric Poon(潘浩华), Executive Director of Texwinca Holding Limited, a Hong Kong listed company since 1992. Even for the industry’s power players, its difficult to the avoid cutthroat competition at the price-sensitive ‘basics’ end of the market.“We had to cut back on staff and capacity at our textile subsidiary, Ni...