A few years ago, most of the 2,000 or so villagers in Donggaozhuang, northern China, were struggling to put food on the table by growing wheat and corn. Now, dozens of them are millionaires and more on well on their way of making six-figure fortunes after switching to selling yarn online.
Donggaozhuang’s success story started with the idea of one villager, who set up an e-shop on Taobao, China’s largest online commerce platform, to sell yarn. Things went way better than he had anticipated, and in just three months, he had made a small fortune.
Word of his booming business spread like wildfire around Donggaozhuang, and the village elders soon approached the man, asking him to teach other members of the community how to set up their own online businesses. Since yarn had worked so well for Donggaozhuang’s first online entrepreneur, everyone followed in his footsteps and they all started making money. They started buying wool, turning it into yarn and selling that on Taobao.
But Donggaozhuang isn’t the only rural success story to come out of China. Nanliu, a small village in Shaanxi province, has become known as China’s stock trading village after many local farmers switched to trading stocks online.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
India must drive scale and competitiveness to expand global textile market share…
India’s long-term growth in textiles and apparel hinges on expanding global export volume, building manufacturing scale, and sharpening cost competitiveness,... Read more
India and Taiwan set for deeper textile synergy beyond competition, says TTF Pre…
Taiwan and India are uniquely positioned to build a highly complementary, cross-border textile ecosystem that leverages Taiwanese technological innovation alongside... Read more
EURATEX Chief Calls for Stronger India-EU Synergy Amid Global Trade Turbulence
Speaking exclusively to Salil Chawla, FashionatingWorld, at the inauguration of Bharat Tex 2026, Dirk Vantyghem, Director General of the European... Read more
India well-positioned in 'China+1' shift, says IAF Chief Stefano Festa Marzotto
The global apparel industry is grappling with a turbulent operating environment marked by geopolitical friction, fluctuating tariffs, and a rapidly... Read more
Vietnam wins, US lag as American retail rewire global apparel supply chains
For years, global retailers expected tariffs, geopolitical tensions and supply chain disruptions to spark a manufacturing renaissance across North and... Read more
Cost, climate and scale push polyester ahead in the global fiber race
The global textile industry is entering a decade where commercial economics, rather than fiber heritage, dictates sourcing decisions. The latest... Read more
Fabric companies stitch together growth despite margin pressures in Q1 FY27
India's pure-play fabric segment entered FY27 with renewed operational confidence as easing raw material costs and stronger domestic demand lifted... Read more
From Stubble to Silk: How agricultural residues are unlocking India’s circular f…
Every autumn across northern India, millions of tons of agricultural crop residue are burned in open fields, creating a seasonal... Read more
The Domestic Comfort Trap: Why Indian textile majors are missing the $300 Billio…
India’s domestic retail landscape is experiencing an unprecedented boom. Fuelled by a massive consumer base, rising disposable incomes, and rapid... Read more
Q1 FY27 signals new pattern in textiles as integrated players outpace commodity …
The first quarter of FY27 marks a decisive turning point for India's textile industry, revealing a move that extends well... Read more










