Chinatex Coordination Research: Exports from Guangdong and Shandong are declining, but the domestic market is booming
From February 11th to 18th, Du Yuzhou, President of China Textile Industry Association, and his delegation visited textile industry clusters such as Foshan, Shantou, and Chaozhou in Guangdong Province, as well as Jinan, Zhucheng, and Jining in Shandong Province. Sun Ruizhe, Vice President of China Textile Industry Association, and Deputy Secretary-General Xia Lingmin, Chen Dapeng and relevant leaders of the two provincial economic and trade commissions and textile and garment industry associations accompanied the investigation.
During the four-day survey in Guangdong, representatives of the textile and garment industry clusters in the three places held discussions with Du Yuzhou and his delegation. According to reports, the financial crisis has had a great impact on Guangdong Province, which has distinctive export-oriented characteristics. The three places have collectively reported a significant decline in orders. Orders from Europe and the United States have dropped by 60% since the end of last year in Chaonan District of Shantou, and some companies have experienced production cuts or disconnects in their production links. In some areas, foreign businessmen have serious arrears, and monthly capital withdrawals are sometimes less than 2%. It has caused great difficulties to the production and operation of enterprises. Enterprises have reported that the problem of financing difficulties in the three places has remained prominent in the past two years, and many enterprises have been suspended or semi-suspended as a result. In terms of operating rates, advantaged enterprises have developed strongly and have basically no recruitment difficulties. Most of them produce homogeneous products. Small and medium-sized enterprises are facing a reshuffle. Many small and medium-sized enterprises only go to work on the 16th day of the first lunar month, and the attendance rate is only about 60%.
Research in Shandong shows that since there are mostly enterprises above designated size and the products are mostly general trade, exports will not be greatly affected. Surveys show that companies that invest heavily in technological innovation and product development have become more competitive in the face of difficulties. At the same time, companies that pursue market development at home and abroad or specialize in the domestic market will suffer limited market impact.
In response to the problems reflected in the survey, Du Yuzhou pointed out that the introduction of the textile revitalization plan reflects that the importance of the textile and garment industry as an important traditional industry, people’s livelihood industry, and competitive export industry in the country is being re-recognized. Industry authorities and enterprises must fully understand the prospects for industrial development and boost development confidence. He hopes that the local government will introduce more practical and practical measures in the future to truly help textile and garment enterprises get out of trouble and improve their development.
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