Textile And Clothing Exhibition Will Be Negative Growth Next Year

Textile and apparel are the main exhibits in the three phase of the 104th Canton Fair. However, the export of textile and clothing products has fallen into the ice cellar due to the adjustment of processing trade policy, the appreciation of RMB and the financial turmoil.

In the Canton fair clothing exhibition area, some exhibitors said in an interview with reporters that the popularity of this exhibition was very poor, which was two or three less than that of the previous session.

Li Cuili, Guangdong's long run Garment Co., Ltd. has participated in several Canton Fair. Before the Canton Fair, he was on the spot on the first day of the Canton Fair. He received second days in the factory from 9 a.m. to 2 a.m.

He said that there were fewer customers and fewer large clients in this Canton Fair, and foreign businessmen in Europe and America were very few.

This is not related to the financial tsunami. Consumption in the world, especially in Europe and the United States, is weak. The future situation is uncertain, and foreign businessmen dare not act reckless.

Zheng Naiqian, owner of Shunde Fu De arts and Crafts Co., Ltd. also found that foreign businessmen in Spain were almost half as old as before.

Speaking of the current export predicament, Zheng Naiqian said, the new labor contract law and exchange rate changes, the total cost of their company increased by more than 30%, in addition, did not calculate the freight and electricity charges.

According to our understanding, the turnover of textiles at the last Canton Fair was 2 billion 460 million US dollars, down 16.8% compared to the same period last year. For the current paction expectations, the reporter found in the interview that all exhibitors were not optimistic.

The chief executive of the export brand enterprise and the Jiangsu SOHO group said that the financial turmoil had a great impact. Many enterprises reflected the sharp decline in orders. After May and June, European and American orders were only half the original ones.

Zhong Hao Sen, general manager of Guangdong Province Textile Import and export Limited by Share Ltd, general manager of the business department, predicts that textile and clothing exports will show a negative growth in the first quarter of next year.