Under The Crisis, The Black List Of Clothing Exports Is Impressively Popular Among Them.

On the blacklist of Chinese exporters, American companies and Middle Eastern companies are classified into one category.

These two days are taking part in the nineteenth China East China Import and Export Fair (hereinafter referred to as "China Fair", which will be from March 1st to March 5th), Xu Min, a salesperson of Shanghai San Mao import and Export Co., Ltd., told the newspaper yesterday: "we dare not make the list of the United States. The risk is too great. The situation that the American buyer who has not paid for the goods or the American buyer has disappeared many times.

The original business with the Americans, usually 2~3 months of accounts, now 2~3 years may not be able to receive payment, some customers disappeared directly. "

"In such a situation, Chinese shoe traders sold us importers at about US $6 per pair, but in the US market, these shoes were sold at a price of $3 a pair, leading to the loss of Chinese exporters."

Xu Min told reporters.

This shows the current predicament of the US market.

Under the influence of the financial crisis, the phenomenon of breach of contract and breach of contract has gradually spread.

According to the Xinhua News Agency's report in March 4th, the cancellation of orders, the delay in payments and even the closure of their own businesses by overseas purchasers frequently occurred. The risk of trade credit default in China's exports increased sharply, and many enterprises had to shoulder huge losses of default and bad debts.

China Export and Credit Insurance Corp claims data show that US buyers reported a loss of US $156 million in 2008, an increase of 150% over the same period last year, while European buyers reported a loss of $170 million, an increase of 206% over the same period last year.

The shirts of Shanghai three largest international garments Co., Ltd. are mainly exported to Poland and Czech of Europe. Wang Lei, a salesperson of the company, said: "the US market has also done it, but last year it did not grow much."

Wang Lei also said: "I am worried about the second wave of the financial crisis. The payment from the Eastern European customers to us is through bank loans, and the bank's money is paid to us. If the second wave of financial turmoil hits, it will affect the operation of banks, and customers will not be able to place orders if they can not get the loan from the bank."

In addition to the second wave of financial crisis that may come, the weakening of the euro also makes exporters in a difficult position.

A saleswoman from Shanghai San Mao company said that the clothing exported to Europe was settled in US dollars, and the US dollar against the euro dropped from last year's 1:1.5 to the nearest 1:1.2. The devaluation of the euro means that the purchasing power of European customers has been declining. The final result is the cancellation of orders, which is reduced by 0.3 dollars from the euro compared with this year. The original profit of the company is only 0.4 US dollars ~0.5 US dollars. This year will be the hardest year.

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