FTA Will Promote The Development Of China'S Clothing Domestic Demand Market

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The Xiaobian of the network tells you about the Korean clothing industry: FTA will promote the development of China's domestic demand market.

The 10 heads of state of Korea and China jointly announced the conclusion of the Sino Korean Free Trade Agreement (FTA) in Beijing. After the end of the substantive negotiations, the two garment industry is looking forward to the promotion of China by FTA.

Further development will benefit both sides.

From 11 to 13, the first "Korea China CEO forum" was held in Qingdao, China.

At the 13 day meeting, Cui Hengxu, executive director of the Korean clothing and love group in China, said that after the signing of the FTA, the development strategy of the company would not change much. But from the overall market situation, Chinese tourists visiting South Korea are expected to further increase. The FTA of South Korea has injected new vitality into the Korean domestic business circle, which will stimulate the development of China's domestic demand market.

The clothing and love group joined China Taobao network to enter the Chinese Internet market, plans to gradually expand its share in the Chinese Internet market, and cooperate with cosmetics companies at home and abroad to expand the Chinese market.

Sales of clothing and clothing in China have increased by 65% in recent 10 years, while sales in China account for 30% of total sales. But the growth rate in the future is expected to drop to 20%-30%.

Cui Hengxu said earlier that there was a big gap between China and other countries in terms of economy, and foreign enterprises could easily enter the Chinese market.

Today, the economic gap between China and foreign countries has greatly narrowed, and China is even leading in some areas.

Therefore, the probability of foreign enterprises' success in China is getting lower and lower.

Korean enterprises need to study the regional cultural differences in different regions of China and change their positioning from "Korean enterprises in China" to "Chinese enterprises facing the global market" so as to achieve success.

Jia Peng, vice president of the Chinese Internet Hanfeng fashion brand, HSTYLE, said in an interview on the same day that after the signing of FTA in South Korea, the opportunity for Chinese consumers to contact Korean goods will increase, and the Chinese clothing market will usher in new business opportunities.

If a large number of Korean brands enter China, buy them.

Consumers of goods will also increase, which will stimulate market demand.