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Textile exports from Wenzhou show downward trend
24 Sep '08
1 min read
Latest official statistics show that textile and clothing export of Wenzhou city in August 2008 reached US $189 million, representing a drop of over 10.45 percent as compared to the previous month.
Industry professionals believe that with factors like RMB appreciation, rising labour and raw-material costs, inadequate technological know-how and other international pressures , it will be a while before orders from the US and EU shift back to China.
Note has to be taken of the fact that the adjusted rebate rate has not had a great effect on Chinese trade.
Experts have repeatedly stressed that key to improving sales is to upgrade quality of products and offer high value-added items. Companies need to continuously innovate and remain up to date with changing trends in global market.
Industry professionals believe that with factors like RMB appreciation, rising labour and raw-material costs, inadequate technological know-how and other international pressures , it will be a while before orders from the US and EU shift back to China.
Note has to be taken of the fact that the adjusted rebate rate has not had a great effect on Chinese trade.
Experts have repeatedly stressed that key to improving sales is to upgrade quality of products and offer high value-added items. Companies need to continuously innovate and remain up to date with changing trends in global market.
Fibre2fashion News Desk - China
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