The world economic is changing rapidly and unforeseeable, which make it hard to prevent and predict. Exporting companies begin to turn to the domestic market to offset the impact of the global financial turmoil and bigger opportunities. They saw that China is transferring from the ¡°factory to the world¡± to a growth engine for the world.
Recently, Chinese apparel wholesalers, retailers and resellers all rush from Beijing, Shanghai to Guangdong province to stock the reduced-price-export-apparels. As a result, local consumers can find many international products (made in China) in Chinese market at a high discount price.
¢ñ. How comes this weird phenomenon?
Many foreign trade enterprises in China, which used to manufacture for foreign brands, were badly affected by the recent European crisis, increase cost of raw materials, labor cost, and fierce price competitions and so on. They have to dispose of export products in domestic market. However, because of lack of sales channels, they find no way to sell products through existed distribution channels. As a result, they have to sell them at a very low price.
¢ò. Trends: Exporters Shift to Domestic Market
The world economic is changing rapidly and unforeseeable, which make it hard to prevent and predict. Since the end of 2008, European and American market have been sluggish, as a result, Sales abroad plummeted and overseas orders dropped sharply. In the recent 2 years, exporting companies experience twist and turns. They faced stiff competitions from other Asian countries and started to think of develop the domestic market to withstand the global turmoil and to seek long-term, stable and sustainable development.
Now, the European crisis sweeps across the world and let China’s foreign trade companies once again face the 'survival' challenge. It is a time to change, or you will lose.
Guangdong Foshan Nanhai Sunny Underwear Group Co., Ltd. realized this trend. They are under transformation and upgrades traditional industrial mode recently.
Sunny Underwear Group Co., Ltd revealed that it will stride forward towards operation on a scale and refined way. It will shift from export sales to domestic sales, from OEM to proprietary brand, from low-end products to high-end, from extensive operation to fine management, in order to promote the changes of economic developing mode.
Guangdong Foshan Xieqi International Apparel International Co.,Ltd is another exporting lingerie company that nosed this trend several years ago. In the recent two years, they have already attempted to engage in domestic business because they have seen big opportunities in the ever-expanding Chinese market.
China’s consumption demand is boosting by economic growth and a dramatic big population in China, which accounts for 20% of the world’s population and are also growing in a high rate. China is transferring from the “factory to the world” to a growth engine for the world.
Rich people in China are eager to pay for luxury. Foreign brands all rush to China. So, to switch to Chinese market is already an imperative trend.
Welcome to Post Your News, Please Contact: news@globalintimatewear.com
Comments
View More >>