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    Exports Of Clothing, Plastic Products And Toys To Guangdong Declined In The First Half Of This Year.

    2008/8/12 14:49:00 54

    Clothing Guangdong Export

    According to the industrial damage warning system, Guangdong exported $35 billion 560 million to the US in the first half of this year, an increase of 5.6% over the same period last year, far below the overall growth rate of 13% of Guangdong's foreign trade in the same period.

    In addition to the steady growth in exports of electromechanical products and footwear and furniture, the export of traditional bulk commodities such as clothing and accessories, plastic products and toys has declined to varying degrees, with exports of US $1 billion 540 million, US $940 million and US $930 million respectively, down 27.3%, 12.8% and 3.7% compared to the same period last year.

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    Fierce Competition In Textile Industry

    In an interview with the first financial daily, textile and garment enterprises both said that although the cost of production rose sharply this year, because of the fierce competition in the industry and the depression of the market, the clothing category was difficult to increase substantially, and profits were becoming thinner.

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