"Shoes Capital" Putian: Pformation And Upgrading For Development

As domestic production costs continue to rise, more than 60 shoe factories in Putian have gone bankrupt. The winter of shoe industry is just like this winter.

Numerous

They have been pformed or moved to Southeast Asian countries.

Putian is the foundry production base of the world footwear brand, and has more than 4000 shoe making enterprises, and its products are sold all over the world.

According to statistics, in 2015, more than 250 footwear enterprises above Designated Size made more than 600 million pairs of shoes in Putian, and the output value was 60 billion yuan, an increase of 9%.

In recent years, the city has introduced measures to promote the pformation and upgrading of footwear industry.

Enterprises have set up new product R & D laboratories and R & D teams, imported new equipment and built their own brands. Baotuan has sold "Putian good shoes" on the Internet to expand domestic and foreign markets, and explored a new pformation and upgrading of "foundry + R & D + brand + Internet".

Related links:

Dongguan is located in the core position of the Pearl River Delta in southern China.

For decades, this region has pushed China's export volume to the world, making everything from furniture to clothing and shoes.

However, with the gradual production of cheaper production bases in Asia, the world factory in Dongguan is facing difficulties.

Last year, China's exports declined for the first time since the financial crisis, which is only the second time since the opening of the world economy in the late 1970s.

China's position in the whole manufacturing sector is likely to be further weakened by the p Pacific Partnership.

The US led trade agreement will deepen relations between the United States and Asian countries such as Vietnam and Malaysia, but not China.

The economic downturn has created a thorny situation for the government.

Officials are encouraging the phasing out of low-end exports while promoting services and high-tech manufacturing.

Despite the rising trend of new and dynamic companies in China, the risk is that these companies are not developing fast enough to make up for the vacancies in the light manufacturing industry. Although the light manufacturing industry is shrinking, it is still the main employer in the whole country.

Some traditional manufacturers react to the recession by moving factories to the mainland or overseas, because the cost of these far away places is usually relatively low.

Other manufacturers are trying to build their own brand products in the domestic market to reduce dependence on export orders.

"Traditional industries are feeling this unfortunate pain," said Gao Luyi Louis Kuijs, head of Asian Economics at Oxford Economics.

But he added that the pition from low-end labour intensive manufacturing to "an inevitable part of the ongoing structural changes in the economy".