Wall Street Crisis Affects Textile Enterprises To Enter "Severe Winter"

However, so far, the overall impact of the financial crisis on China's textile and garment industry has not yet fully emerged.

However, some exhibitors found that compared with the previous exhibitions, there was less direct intent to express orders, and most buyers and sellers in Europe and America had a wait-and-see attitude.

"At present statistics, orders for this year have dropped by 20% to 30%.

Overall, the market situation is grim. "

Gao Yiyong, manager of Daly silk (Zhejiang) Co., Ltd., frankly, said that the global economic turmoil has brought about an all-around impact on Daly's silk industry. The most direct manifestation is the sharp reduction in orders.

"Last year's list was too much to be done, and it could only be done well.

The list is missing a lot this year. "

Nguyen Ying, who has just returned from Europe, said that the financial crisis has swept the world and the European market is relatively cold.

Ruan Ying also told reporters that the US market accounted for 40% of the group's textile exports, and now only the long-term cooperative customers are left. "It can be said that the impact of the financial crisis on Lanzhou San Mao is quite large."

Yu Jianming, the product development manager of the group, told reporters that because of the various problems in this year's environment, Futian group has reduced the number of orders, the domestic market is rising, and the international list is decreasing.

People are watching money.

Zhang Meng, manager of Lanyan group in Zibo, Shandong, said that Lan Yan is China's largest manufacturer of denim fabrics and garments. This year's exports also encountered great problems, especially in the US market as a whole shrinking. There is an American big customer's annual orders of 5 million meters, and this year only 1 million meters.

As a matter of fact, the volume of textile and garment orders has shown a bleak situation this spring, and this trend has intensified.

Analysis of the industry, nearly two months, the United States financial crisis is leading to the major developed countries, the international market consumption atrophy, directly led to the domestic textile and clothing orders rapidly reduced, showing a pattern of volume and price down.

"The orders lost in European and American markets can be brought back from emerging markets such as Japan and South Korea and Russia."

What worries Nguyen is that "now, the operation of enterprises is not going according to the previous industry cycle. This is the most obvious problem at present."

It turned out that since 2008, international customers have shortened the delivery period of the previous 2 months to 1 months.

In the past two months, the follow-up effect of the Wall Street storm is spreading all over the world, and the international financial situation makes it even more difficult for European and American buyers to place orders.