Export Orders Have Shrunk By &Nbsp; About 60% Of Garment Enterprises In Pinghu Are Not Satisfied.

As China

An entrepreneur in Pinghu, Zhejiang, told reporters yesterday: "because Pinghu has failed to make orders, it is said that there are probably more than 200 enterprises, but I have identified at least dozens of them."

He told reporters that all the failures were not private small workshops. Many of them were factories on the scale of 100~200.

Another person in charge of the foundry enterprise said: "Pinghu has 60%~70% clothing enterprises do not have enough orders to start."

There are about 1600 garment enterprises registered in Pinghu. Most of them are processing modes of raw materials processing. After processing, they are delivered to customers' exports.

Data from the Pinghu development and Reform Bureau showed that in the first half of this year, as one of the pillar industries in Pinghu, the apparel industry profits fell by 76% over the same period last year.

According to data from another government department in Pinghu, as of May this year, the entire garment industry in Pinghu accumulated a total loss of 21 million 770 thousand yuan.

A head of an enterprise with an annual income of over 100 million yuan said: "we used to eat dry rice, and only eat porridge this year. Our profits last year were 4 million ~500 yuan, less than 1 million yuan this year.

You think cotton is down from 30 thousand yuan per ton to 20 thousand yuan this year. Although the cost of raw materials is low, other labor, financial costs and pportation costs have not dropped or even improved.

Wang Qian, an analyst, said: "according to the enterprises in Jiangsu, Zhejiang and Guangdong, the factory recruitment is only 7~8 in the past year, or less than 5.

Following the sharp increase in salary last year, the Yangtze River Delta and the Pearl River Delta this year's wage rose 20%~30%, and showed a continuous rigid upward trend.

In addition, the frequent tightening monetary policy has led to a rapid increase in the cost of textile and clothing financing and a significant increase in interest expense.

According to China's first textile network data, in 2011 1~6 months, the financial cost of China's textile industry rose 35.36% compared to the same period last year, much higher than that of the main business revenue growth (30.50%) 4.86 percentage points.

Interest expense increased by 37.77% over the same period last year.

Not only is the export of small and medium-sized garment enterprises under pressure, even though YOUNGOR's stronger garment enterprises are also facing the pressure of shrinking performance, YOUNGOR clothing exports in the first half of this year amounted to 1 billion 49 million yuan, compared with 1 billion 340 million yuan in the same period last year, reducing nearly 300 million yuan.

Customs data show that the total export volume of Chinese clothing and accessories reached US $115 billion 230 million in 1~9 months, up 23.3% over the same period last year.