The Euro Crisis Has More Advantages Than Textile And Garment Industry.

Recently, the chief executive of textile enterprises in Fujian, Zhejiang, Guangdong and three places held a symposium on the situation of "textile industry dealing with the euro crisis" in the Shishi, and its conclusion surprised the participants.

From January to the present, the euro has been on the slide, and the euro crisis has continued to deepen. The euro has declined to 8.156 from 9.922 at the beginning of the year to 8.156 in June. However, the information gathered by representatives from Shenzhen, Zhejiang and Shishi concluded that the volume of purchases by the EU is increasing, and the export of the EU has no signs of shrinking, contrary to the general forecast at the beginning of the year.

Europeans, though suffering huge exchange losses and trading with Chinese merchants, did not reduce their purchases of textiles in Shishi, Shenzhen and Zhejiang. The export situation of Shishi enterprises also supported the foreign trade data released by the state last week. In May of this year, the EU continued to maintain its position as China's largest trading partner, with the total value of bilateral trade between China and Europe reaching 177 billion 490 million US dollars, an increase of 37.4%. Last night, Shishi an enterprise came out. Last year, a 43 foot container went to Hamburg, Germany, which was 12 thousand yuan, but now it has risen to 29 thousand yuan. Because of the high supply of goods in the European Union, the price of sea freight has continued to rise.

The delegates identified the reasons for the EU's purchase of Chinese textiles in the absence of a decrease in the number of Chinese textiles. EU merchants did not ask for price fixing when purchasing garments and fabrics in Shishi and Shenzhen. Instead, Shishi and Shenzhen enterprises took the initiative to make profits.

The euro crisis has not yet made a significant impact on China's export to the European Union, but Shishi and other places have noticed some changes in the details. During the six months of the euro crisis, the frequency of orders for EU customers was accelerated, and orders were small. Because of the financial difficulties, the EU merchants are more concerned about efficiency and have repeatedly asked for air freight. If the time of delivery is delayed, the Chinese side will bear the cost of air transportation.

Shishi, Shenzhen and other places are very willing to do business with the European Union merchants, mainly because the added value of products is high, the other party's credit is good, familiar partners generally do not turn the bill, the medium and long term orders are stable. At the analysis conference, representatives from all over the world scoffed at the "Euro collapse theory". When they were in contact with the European Union merchants, they saw the "euro crisis" temporarily. In the "euro crisis", the friendship between the two sides has been closer to bilateral trade partnership and paved the way for the development of the EU market after the crisis in the EU, such as Shishi, Shenzhen and Zhejiang.