European Luxury Industry Counterattack 200 Thousand Jobs And Wait For Talents

Facing the slowdown of China's economic growth, the market demand is weak and currency headwinds are everywhere.

Although the industry is facing difficulties, according to a report released recently by the European Federation of cultural and creative industries, the value of goods and services produced by the luxury goods industry has increased by 28%, creating nearly 200 thousand jobs in 2010 and 2013.

In addition, the European Parliament and European Union leaders are commended for their contribution to the European economy.

The European Federation of cultural and creative industries (ECCIA) is composed of five European luxury associations, including the British luxury goods organization Walpole, the Italy Luxury Association Altagamma foundation and the French Comit Colbert boutique Association.

ECCIA's report by Frontier Economics shows that the sales department in 2013 valued at 547 billion euros (equivalent to 672 billion US dollars) and exported 308 billion euros (equivalent to US $378 billion).

In 2013, luxury goods accounted for 40% of the European Union's gross domestic product (GDP).

The report says that if the EU luxury industry represents a country as a whole, it will be the seventh largest economy in the European Union and the twentieth largest economy in the world.

El bieta Bie kowska, a member of the European Union's internal market, industry, entrepreneurship and small and medium enterprises, said that "the high-end cultural and creative industries have shown that European enterprises based on non repositioning products can continue to promote economic growth and employment in our region.

We look forward to continuing our cooperation and strengthening our support for these industries. "

Michael Ward, managing director of Harold Harrods department store in the United Kingdom and President of ECCIA, said the luxury industry in the region is "European Silicon Valley, a synonym for innovation."

ECCIA first reported and recognized Europe in its 2012 report.

The latest report also takes into account the impact of the halo effect on the tourism industry, as well as suppliers and manufacturers.

It also emphasizes the importance of protecting intellectual property rights and consumers' online interests.

China's textile and garment industry increased by only 5.73% in November before 2014.

The export market of China's textile and garment industry in 2014 may not be able to achieve the market target at the beginning of the year.

At the beginning of the year, the China Textile Import chamber of Commerce said that the chamber of Commerce submitted the annual export growth target of 8% (year-on-year) to the Ministry of Commerce.

However, the export volume of China's textile and garment industry increased by only 5.73% in 2014 compared with November, indicating that the target year will be difficult to complete.

Sun Ruizhe, vice president of China Textile Industry Federation, said that the export growth rate of China's textile industry is almost flat with the overall export growth of the whole country.

Before November, textile and garment exports accounted for 12.89% of the total exports of the country.

The surplus of textiles and clothing accounts for 99% of the total volume of import and export trade, down from 87% last year.

Sun Ruizhe said that since June, China

The growth rate of production, export, investment, domestic sales, profit and other indicators ended at the beginning of the month, showing a significant slowdown in the second half of the year.