May 19, 2013 6:16 AM BDST Bangla Version
16 Jun 2012   06:37:06 PM   Saturday BdST E-mail this

‘Made in China’ gains acceptance in US: Survey


Business Desk
banglanews24.com

DHAKA: ‘Made in China’ is a phrase Americans know mainly as an indicator of pervasive offshore manufacturing.

But increasingly it’s being attached to products originating in China from domestic companies - and gaining acceptance in the West.

A recent survey by Li-Ning, a leading Chinese athletic footwear and apparel company, found that a growing number of consumers in the United States are willing to buy products of Chinese origin.

Li-Ning Co, which was founded by 1984 Olympic gold medal-winning gymnast Li Ning, set out in 2011 to launch a sportswear line in the US.

The Beijing-based company partnered with Acquity Group, an e-commerce and marketing consultant, to help expand its US consumer base.

They came up with Digital Li-Ning, a joint venture with a US$10 million investment that entailed the launch of an online retail site, and development of a new apparel collection for the US market. Digital Li-Ning is based in Chicago, reports The Straits Times.

BDST: 1836 HRS, JUN 16, 2012

Edited by Robab Rosan, Cultural Affairs Editor


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