Now is the critical time to look forward to the prospects for 2009.

The reorganization of leather industry is imperative. In this tide, a large number of production companies will be eliminated. Logically speaking, the reason is very simple, and the survival of the fittest is very good.

If the restructuring of the industry becomes a reality, there will be a lot of factories going bankrupt in the near future.

However, more and more specious results show that industrial output will be adjusted to the real level of the market. It will be adjusted to below the level of 2007 and 2008 without considering the current bad forecast factors.

It is expected that the most serious result is the significant decline in industrial production, as reflected in the retail market, as we had previously stated.

This has nothing to do with any logical decision, but the difference is that the same budget investment can now buy two times or even three times the raw skin, and the risk is lowest, which will spread to the entire supply chain.

We also believe that the number of enterprises surviving in leather industry will be greatly reduced, but the internal quality of enterprises has been greatly improved.

We hope that the industry will be able to handle the tough market situation of the raw leather market, and at the same time have the ability to draw a good blueprint for the development of 2009. We will not forget that every economic crisis is the beginning of recovery.