The Three Phase Of Canton Fair Textile And Clothing Paction Is Cold And Cheerless.
Textile and clothing are the main exhibits in the three phase of the 104th Canton Fair, and the pressure of market uncertainty is coming. The three phase of the Canton Fair's textile and clothing trade is cold and clear, which means next year or the most difficult period for Chinese garment enterprises. The appreciation of the renminbi, the adjustment of export tax rebate rate and the increase in the prices of production factors have long been overburdened by textile enterprises under heavy pressure. The financial turmoil has led to the reduction of orders in traditional European and American markets, which directly impact the final bottom line of textile enterprises.
Although it was not yet eleven a.m., many clothes exhibitors were not popular before the booth. Some exhibitors said in an interview with reporters that the popularity of this exhibition was very poor, which was two or three less than that of the previous session.
"SARS is not so cold." A Zhejiang exhibitor was helpless in the empty booth.
According to the Guangdong textile import and export Limited by Share Ltd staff, two, 00, five years, the most prosperous time, their company to receive seventy or eighty guests in a morning, in April this year, the 103rd Canton Fair has fewer guests, but fewer guests, 103rd less than two or three.
A German buyer said that under the influence of the financial crisis, many enterprises were short of cash and the orders were very cautious. This year, the purchase of his company in China would drop by 30%. However, he stressed that China's commodity quality and low price still have considerable market space.
It is not just buyers who are cautious about placing orders. Exhibitors are also cautious about receiving orders. Many companies are afraid to take orders too long after they worry about the credit of the other party and the instability of the RMB exchange rate.
"We are afraid to take orders after next June, because the orders calculated in US dollars will have a very small profit at that time, which will probably be greatly affected by the change of exchange rate, or even no profit." There are enterprises that explain this.
According to the statistics of the General Administration of customs, most of the exports of traditional bulk commodities dropped in China from January to September this year, with the largest drop in clothing exports. In the first nine months of this year, China's textile and apparel exports totaled 136940000000 US dollars, up eight point one percent from last year's year, and export growth continued to slow down. Among them, the export of clothing and accessories increased by twenty-one point two four percentage points year-on-year.
Some experts point out that, due to the change of the exchange rate, in the case of the decline in the growth of China's textile exports in the US dollar valuation, the export volume of Renminbi denominated in China may actually be close to negative growth.
With the depreciation of the euro and the spread of the financial crisis in Europe, the rapid growth of exports to the EU in the first half of this year is unsustainable. Some scholars believe that next year or even more severe, which is undoubtedly adding to the burden on garment enterprises. China's textile and garment exports have been quickly pushed into the "quick freezing era".
Mr. Chen, the boss of a garment export enterprise in Fujian, took out twenty foreign business cards from the platform drawers. "This is my" harvest "in a few days. It has never been so gloomy to attend several Canton Fair. " Mr. Chen's eyes are full of sadness and helplessness.
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