08 Years, 70% Down Clothing Enterprises May Face Closure

Editor's note: Han Ping, vice president of Jiangsu Textile Industry Association, said that although the 2/3 textile enterprises in China are facing losses or basically close to losses in 2008, the overall situation of Jiangsu enterprises is still relatively good.

The Jiangsu international clothing festival opens, the enterprise bosses sigh: 7 down jacket enterprises may close in 2008. Textile enterprises are facing many difficulties in 2008. In order to attract customers, nearly 20 industrial clusters, more than 200 spinning and weaving clothing brands and more than 300 Chinese and foreign enterprises have played the role of building the theme of "brand and fashion" at the tenth Jiangsu international dress Festival opened at the Nanjing National Exhibition Center.

"In 2008, the national textile and garment industry shut down more than 70 thousand factories. One of the main reasons is overcapacity. For the down jacket, there are about 70%.." Gu Zhenhua, chairman of Yalu group, lamented the tough days of textile enterprises at the high-level forum of clothing festival.

In this regard, Han Ping, vice president of Jiangsu Textile Industry Association, said that although the textile enterprises in the whole country faced losses or basically close to losses in 2008, the overall situation of Jiangsu enterprises was still relatively good. The total export volume in the first half of this year was 13 billion 736 million US dollars, and also increased by 21.6%.. The key enterprises still maintained a good upward trend, such as Bosideng and even in short supply.