Agence France-Presse: Bankruptcy In China'S Shoe Factory
The antidumping duties and the general query about China's export commodities are very hard for China to plug shoes.
Nearly 1000 shoe factories have declared bankruptcy, especially small and medium-sized enterprises, which are hard to adapt to increasingly severe market conditions.
Guangdong Province in southern China is the most seriously affected place, because it is the shoe making center in China, and about 8000 shoe factories are located here.
The anti-dumping duties imposed by the European Union to control China's cheap products has made China's footwear industry in a difficult position. In addition, a series of recent recalls of Chinese products have also made the world widely questioned about "made in China", which is just like adding insult to injury to the footwear industry.
The orders of small factories have gone to large manufacturers, and the position of large manufacturers in the Chinese market is gradually taking shape.
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