Vicious Competition In The Mainland Industry, The Collapse Of The Apparel Industry In The Pearl River Delta

The Pearl River Delta region, the world's largest garment production base, is currently facing a crisis. Wang Tiancai, vice president of Dongguan Association of Taiwanese businessmen and chairman of Pandora, said that the export orders for the clothing industry in the Pearl River Delta region began to decline in 2008 and turn to Southeast Asia. In addition, the mainland officials wanted enterprises to turn to the domestic demand market, which resulted in vicious competition, resulting in the closure of local small and medium garment factories.

According to the Southern Metropolis Daily, Guangdong

In addition, apart from the local 100 employees get full wages, the rest of the relevant industry chain manufacturers are owed money, local governments have been involved in coordination.

Wang Tiancai, chairman of Pandora, who mainly produces lingerie and swimwear, pointed out that the export orders were not good after the financial tsunami in 2008, and the cost of garment industry was increasing as the cost of labor increased in recent years.

Wang Tiancai said that Pandora can survive in the situation of zero profit or even loss, mainly when products are in pition, and the market of underwear, swimsuit and wedding dresses should be made in advance.

It is understood that many of the owners of garment industry have switched to other businesses.

The Guangzhou Daily reported that a clothes factory owner who did not want to be named had a lot of designer clothes at home, but he had switched to a massage parlour.

The boss said that the PRD industry in the Pearl River Delta in the past 10 years was gold everywhere, with many orders and a profit of two or three.

But foreign brands control most of the profits, but the risk is passed on to them.