Chinese government has little time for leather, report says
21/04/2015
Following detailed conversations with well placed sources in China over the last couple of weeks, the report confirms that leather and other industries that China welcomed “at the beginning of its development cycle” are now “at the very bottom” in the eyes of the government there.
While acknowledging that China has leather producers that comply totally with international regulations and environmental standards and can compete with the best in the world, the report says officials from some sections of government and from financial institutions have come to view the industry in general as “polluting, energy-intensive, water-consuming and offering limited added value”.
The report continues: “We are certainly not in a period in which the whole or the majority of the leather industry in China is going to be erased. However, even if you cut production in China by 20% or 30%, which is realistic, it would have quite an impact in terms of global leather production and raw material demand.”
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