Home / Knowledge / News / Dongguan companies sniff opportunities in crisis
Dongguan companies sniff opportunities in crisis
06
Dec '08
China, has not stayed insulated from the recessionary trends witnessed in recent days and since the country has a very high export oriented industrial base, it has had to bear the more so than other economies. The second level to bear the brunt are the industrial provinces and towns which till a few months back were humming to the sound of machines and churning out products to feed the ever growing appetite of the globe.

Dongguan, an industrial city in Southern China is also one of the cities to feel the heat of the crisis. According to experts, winter has arrived in the northern regions with the first spell of snow, but the city which though lies in the south also is facing a bleak winter, but albeit of a different kind.

In the looming shadow of the turmoil, Dongguan is standing mute witness to companies folding up or laying off workers which seemed unimaginable just a few months ago. The mayor of the city had confirmed a few days ago that nearly 714 companies had folded up since the crisis unfolded, but experts were opining of more than 900 companies doing so.

But one could not ignore the phenomenon of a few enterprises, which are carefully and skillfully dealing with the economic difficulties and which has been regarded as the greatest challenge the country is dealing with, since the country opened its economy and undertook reforms.

A lot of enterprises in Dongguan city are sniffing and seeking business opportunities amid the current crisis. This is the time they feel, to look for value investments to increase capacity or strengthen their internal management in order to be prepared to meet the next wave of growth.

This thinking has come as a shot in the arm for ailing but well organised companies who can expect to be saved from the current situation by these companies on prowl for value picks.

Fibre2fashion News Desk - China


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search