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    Wall Street Crisis Affects Textile Enterprises To Enter "Severe Winter"

    2008/10/29 0:00:00 102

    The shadow of the recession has been wrapped up in major economies such as the US, Europe and Japan.

    Affected by the sharp decline in global consumer demand, Chinese textile and garment export enterprises have felt chill.

    However, so far, the overall impact of the financial crisis on China's textile and garment industry has not yet fully emerged.

    With the further erosion of the financial crisis to the real economy and consumer psychology, the digestion ability of the external market will gradually shrink, and the world economic pattern may also undergo tremendous changes, which will make Chinese textile and clothing exports face greater changes.

        “持幣觀望”導致訂單縮水

    As the most influential exhibition of accessories in Asia, China international textile fabrics and accessories (autumn and winter) fair, which opened in October 20th, still attracts buyers and professionals from all over the world.

    However, some exhibitors found that compared with the previous exhibitions, there was less direct intent to express orders, and most buyers and sellers in Europe and America had a wait-and-see attitude.

    "At present statistics, orders for this year have dropped by 20% to 30%.

    Overall, the market situation is grim. "

    Gao Yiyong, manager of Daly silk (Zhejiang) Co., Ltd., frankly, said that the global economic turmoil has brought about an all-around impact on Daly's silk industry. The most direct manifestation is the sharp reduction in orders.

    Reporters learned that over the years, Dali (China) Co., Ltd. has been ranked first in the country's silk dress exports, and its own brand AUGUSTSILK is also China's largest selling silk dress brand in the world.

    Ruan Ying, chairman of Lanzhou San Mao Textile Group, felt the difficulties of order reduction this year.

    "Last year's list was too much to be done, and it could only be done well.

    The list is missing a lot this year. "

    Nguyen Ying, who has just returned from Europe, said that the financial crisis has swept the world and the European market is relatively cold.

    Ruan Ying also told reporters that the US market accounted for 40% of the group's textile exports, and now only the long-term cooperative customers are left. "It can be said that the impact of the financial crisis on Lanzhou San Mao is quite large."

    Hongkong Futian group is the largest cylinder knitted fabric manufacturer in the world. Its market is mainly overseas, accounting for 85% to 90%.

    Yu Jianming, the product development manager of the group, told reporters that because of the various problems in this year's environment, Futian group has reduced the number of orders, the domestic market is rising, and the international list is decreasing.

    People are watching money.

    The 103rd Canton Fair, which has just concluded, has also been heard that orders for textile and garment enterprises have been reduced this year.

    Zhang Meng, manager of Lanyan group in Zibo, Shandong, said that Lan Yan is China's largest manufacturer of denim fabrics and garments. This year's exports also encountered great problems, especially in the US market as a whole shrinking. There is an American big customer's annual orders of 5 million meters, and this year only 1 million meters.

    As a matter of fact, the volume of textile and garment orders has shown a bleak situation this spring, and this trend has intensified.

    Analysis of the industry, nearly two months, the United States financial crisis is leading to the major developed countries, the international market consumption atrophy, directly led to the domestic textile and clothing orders rapidly reduced, showing a pattern of volume and price down.

        縮短交貨周期的背后

    However, the sharp shrinkage of orders is not the main problem.

    "The orders lost in European and American markets can be brought back from emerging markets such as Japan and South Korea and Russia."

    What worries Nguyen is that "now, the operation of enterprises is not going according to the previous industry cycle. This is the most obvious problem at present."

    It turned out that since 2008, international customers have shortened the delivery period of the previous 2 months to 1 months.

    The reporter has learned that since the RMB appreciation has continued this year, international merchants have proposed to shorten the delivery cycle to enterprises in order to avoid exchange rate risks.

    In the past two months, the follow-up effect of the Wall Street storm is spreading all over the world, and the international financial situation makes it even more difficult for European and American buyers to place orders.

    In fact, this is the fact that international purchasers are reluctant to take risks and pfer trade risks to local enterprises.


     

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