Export Demand Is Weak, Some Business Of Shoes And Clothing Enterprises Turn To Network Specializing In Domestic Market.
It is reported that Chinese clothing merchants have been switching off because of reduced export orders.
Shop
In the rapid expansion of China's e-commerce industry, we should tap the purchasing power of domestic buyers.
He is 19 years old and has himself in Yiwu county.
Men's wear
Jin Guowei of export business has been selling shirts to Canada, Italy and the United States for a long time.
But weak export demand forced him to turn some of his businesses to the Internet and specialize in the domestic market.
"The whole environment is not good, so we decided to open online shop because the competition in the physical store is too intense," he said.
He has his own online store in Dangdang, Jingdong mall and shop No. 1.
WAL-MART holds a majority stake in the 1 store.
Demand growth has led to subdivision of the market, and many Internet sellers have become suppliers of other online stores, enabling more goods and individuals to participate in e-commerce.
Ren Ping, a 26 year old Henan woman who opened a women's clothing store in Taobao, picked jeans at a network seller. The seller did not want to say his name.
Ren Ping said that the economic slowdown had no impact on her business because her business was small and she was still expanding its products.
This is reluctant to report home.
Jeans
The seller was shy when facing the media. He said selling Ren Ping to both sides would be beneficial to both sides.
Wang Liang, 30, began selling his dyestuff free organic baby clothing online this year after European and North American orders stopped.
He has his own shop in Taobao mall, and also sells goods through Taobao dealers.
"Orders have been decreasing since 2010, and European orders in July this year are completely halted," Wang Liang said.
We used to be so busy with overseas orders that we had no time to take account of the Chinese market.
Now the domestic market is very attractive to us.
Data released on Monday showed that China's exports grew moderately by 2.7% in August, while imports declined.
The figures released last Sunday showed that China's industrial added value increased by 8.9% over the same period last year, the smallest increase in 39 months. In August, the total retail sales of social consumer goods increased by 13.2% over the same period last year, consistent with market expectations.
But some analysts believe that China's economic data fail to fully account for the rapid growth of Internet sales, indicating that domestic demand may be stronger than retail data.
Credit Suisse said in a September 3rd report that the central bank does not think that retail sales statistics fully reflect domestic consumption.
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