Garment Exports Are Expected To Grow By Zero Next Year.

The most direct impact of the financial crisis on China's real economy is undoubtedly the export processing enterprises, especially the clothing industry.

With the global market shrinking and orders decreasing, the 60% commodities of overseas garment enterprises are OEM for Chinese enterprises. China's sporting goods manufacturing industry is facing large-scale withdrawal of international sports giants.

It is understood that the number of Chinese clothing exporters who actively or passively "cut off" the clothing market in the United States has reached 10000.

Textile and apparel orders in Europe and the United States may be reduced by more than 20%, which will directly reduce China's exports to Europe and the United States in the amount of 12 billion -150 billion dollars, accounting for about 8% of China's textile and clothing exports.

If this trend can not be changed in the short term, the growth of China's textile and clothing exports will enter the downward channel, and there will be zero or negative growth at the beginning of next year.

Yang Jing: editor in charge