Bangladesh Vietnam "Cheap" Rush Orders
In the face of power shortage and rising production costs, the industry estimates that labor intensive
Toy industry
And the garment industry will become a major disaster area. The former will drop by 5% in the second half of the year, and the latter will probably fall by nearly 10%. The reason is that in recent years, the cost of clothing in many places, such as Bangladesh and Vietnam, has taken a lot of Chinese garment orders, making the pressure on the garment industry to increase.
However, the Hongkong watch industry performed better and expected a 10% increase.
Guo Zhenhua, director of Hongkong Federation of industry, said that because of Southeast Asia
Ready-made clothes
The cost of the plant is 10% lower than that of the mainland. In recent years, many mainland and Hongkong garment manufacturers have set up factories in Bangladesh and Vietnam, so that many of the orders originally produced in the mainland have been pferred to the local market.
However, as far as textile and apparel Buyers are concerned, some European orders are turning to Bangladesh, Pakistan, Laos and Indonesia. However, the production capacity and quality of these countries can not be the same as that of China. Moreover, some countries do not have raw materials, such as Bangladesh without cotton, so that China still has comparative advantages in terms of overall production conditions.
As for the toy industry, Guo Zhenhua stressed that China is still the world's toy production center. It is difficult for China to replace China in other parts of Asia, and the main production technology in China has always been slightly better than the rest. The world's major toy companies take China's factory as the first choice.
Hong Kong clock watch industry
Exit
Benefit recovery
Referring to the watch industry, Liu Zhanhao, vice chairman of the Hongkong Federation of industry, pointed out that Hongkong watches are famous for their innovative designs and excellent quality. They are well received by European and American buyers. Therefore, the European and American economies are stable now. In the second half of the year, the export of clocks and watches in Hong Kong will show good performance. I believe that the annual increase of 10% will not be difficult.
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