European debt crisis: clothing exports may return to negative growth in the third quarter

recently, the exchange rate of euro has continued to fall. The market can not help worrying whether the European debt crisis will evolve into the euro exchange rate crisis, and then into a new round of global economic crisis. 1ndustry insiders expect that from the second or third quarter of this year, China’s exports to Europe will slow down or even show negative growth again, calling on relevant enterprises and departments to introduce relevant policies as soon as possible

“we can see from the Canton Fair that EU procurement is showing signs of weakness.” Ma Xinzheng, deputy chief editor of the first textile network, said. Huo Jianguo, President of the Research 1nstitute of the Ministry of Commerce, also pointed out that China’s export growth to Europe is expected to drop by 6% – 7% in May, June and even the whole third quarter

“take Lutai a, a leading domestic textile enterprise, as an example, its revenue growth last year was onl2.9% due to the decline of export orders.” Wang Rong, an analyst at United Securities, said the company’s annual growth before the financial crisis was 20% – 30%< At the same time, the exchange rate risk caused by the European debt crisis is also in front of enterprises< However, some people in the industry are optimistic that the third quarter of this year will maintain the same level as the previous two quarters due to the recovery of market demand< According to the data, with the slow recovery of the global economy, the demand of major export countries and regions of China's clothing industry such as Europe, the United States, Japan and South Korea also rebounded significantly in the first quarter of this year “Germany, France and other countries which are the most important exporters of China’s textile and garment to Europe are still relatively stable, while Greece and other countries which have debt crisis account for a small share of China’s textile and garment exports. Therefore, in the past few months, China’s textile and garment exports to the EU are relatively normal, but the future situation may not be optimistic.” Ma said MA Xinzheng pointed out that the downward trend of exports to the EU market will mean more difficult days for the textile manufacturing industry, and the adjustment cycle is bound to be further extended. Relevant enterprises and departments should issue relevant policies as soon as possible to cope with the more severe export situation and ensure the realization of growth goals

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