Guangzhou'S Foreign Trade Garment Industry Suffers From "Three High" Obstacles

In February 16th, the day before the Lantern Festival, the wet and cold weather in early spring in Guangzhou showed no signs of change.

Jinlong pan foreign trade clothing city is a foreign trade clothing wholesale market in Sanyuanli District of Guangzhou. A large portion of foreign trade stall owners rely on export sales to make profits.

However, they are having a hard time.

RMB exchange rate and

Foreign business today

Walking in the Guangzhou Sanyuanli area and the small North Road area, it often touches many African countries.

"Business was much better before 2007."

Lao Zhang, who manages foreign trade garments in Jinlong pan foreign trade garment city, said Zhang.

Lao Zhang recalled that before 2007, the main source of his business was selling clothes to African customers. At the time, selling a pair of jeans could basically earn more than 2 yuan.

"There are not so many people coming now, and I dare not sell them even if they want to buy it."

The reason why they dare not sell is that there is no profit, and profits are stolen by the RMB exchange rate which has been steadily rising.

Lao Zhang calculated a bill: before 2007, a pair of trousers African customers would like to pay 28 yuan to buy. Now 1 dollars can only be exchanged for more than 6 yuan, while foreigners are buying dollars at the standard price.

The same pair of trousers, now the other side only willing to pay 23 yuan.

Golden Dragon Plate

Insist on losing or changing careers?

Ms. Wang told reporters that at present, the price of an ordinary pair of jeans is twenty or thirty yuan in Jinlong pan foreign trade clothing city. Besides the high exchange rate, the business is becoming gloomy, and the cost of taking them is also rising.

Lao Zhang told reporters that the price of a pair of jeans is now more than 1 yuan more than before.

"The price of materials is rising, and the wages of workers are rising. How can pants not go up?"

Since last year, inflation pressure has been increasing in China.

Since October last year, cotton has also joined the tide of rising prices, which directly led to the rise of the cost of clothing industry.

According to Xinhua news agency, fabric prices rose more than 60% in the first half of last year, making business pressure rise sharply.