Extremely Cold Attacks On Textile And Garment Industry Workers Returning Home In The Middle Of The Year

Sharp decline in export orders, rising labor costs, shrinking product profits, financing difficulties, and sweeping the global economic crisis made China textile.

The industry is just as bad as ever. The Chinese textile and garment industry is at a crossroads of adjustment and pformation. The new market shuffle is coming.

"I have been doing this business for more than ten years, and I have never encountered such a situation this year.

What will happen later? I don't know. "

In an interview, Wu Chengyao, general manager of Jinjiang silk spinning and garment Weaving Co., Ltd. could not conceal frustration and confusion.

Compared with the same period last year, the volume of the company's business has been reduced by nearly 4, and the start-up rate is only 8.

"Not only the order is small, but also the capital is slow, and the arrears are very serious."

There is almost no profit for the products, but enterprises still need to start working hard.

Although the cost of raw materials has dropped by about 10% this year, the cost of labor has risen sharply, which has been very pparent in the industry.

The profit space is further compressed.

Starting work is just to maintain the normal operation of the enterprise and tell others that they are still alive.

"If we want to maintain our old customers and ensure skilled workers do not run away, we will be finished at the first stop and basically quit the market."

Wu Chengyao said.

The days of big companies are also bad, especially for export-oriented enterprises.

Cai Xuhui, manager of Renhe Business Department of Jinjiang, told times weekly that the profits of the company in the first half of the year were greatly reduced, "almost shrinking 30%-50%". At present, it can only actively expand the South American market to make up for the deficit left in the European market.

In addition, he hopes to attract more customers through exhibitions.

In July this year, Cai Xuhui went to Hongkong to take part in an exhibition as a purchaser to inspect spring and summer clothing.

To his disappointment, there were more exhibitors than purchasers in the exhibition, and the turnover was not large.

Not only is exports blocked, but domestic sales are also grim.

What Cai Xuhui understood is that the number of orders made in some areas in Jinjiang has also dropped sharply.

In Cai Xuhui's view, this year

The industry is even more grim than the 2007 financial crisis sweeping the globe.

With the depreciation of the euro against the RMB, the European market continued to be weak and the signs of recovery were hard to see. Export textile enterprises suffered unprecedented heavy losses.

Jinjiang and China as a major textile and garment industry

The situation is quite good.

In Jiangsu and Zhejiang provinces, some factories started less than 3 of their start-up power. About 60% of the enterprises were in a state of halting production and semi shutdown. In some places, even earlier in the year, workers returned home.

"Last year the situation was already very bad, and it was expected to be better this year, but I did not expect it to be worse."

Cai Xuhui is pessimistic about the future. "At least for the first half of the year, I have not seen any signs of improvement."

"It is estimated that this year is the only way to achieve a smooth pition."

He prayed, and predicted that by the end of the year, China's textile industry will usher in a large-scale collapse.