“Hu said half of her orders are from overseas customers in European countries and the US, mainly Germany. As the coronavirus infection spikes overseas, her overseas customers either canceled their orders or didnt place new orders, which has hugely impacted her company”””Some orders from my overseas customers have been produced, but they are now stockpiled in the warehouse,” Hu said. “It is hard to evaluate the economic loss currently. We have to wait until the pandemic ends and contact our customers again””Whats worse, domestic supply chain disruptions have continued to test her orders. “Production in dye factories, grey cloth factories have lagged due to the pandemic, which also affected our supplies,” she added””The impact of the outbreak is a chain reaction. Zhou Shuiping, a manager with Shaoxing Baishanchang textile company in Keqiao which produces womens clothing fabrics, told the Global Times some of his garment customers whose products are mainly sold to Japan and South Korea, stopped placing orders since mid-March”””Usually this is the peak season and we deliver lots of goods every day, but this year there are only a few orders,” Zhou said, adding that he has lost more than half of the orders year-on-year””Foreign trade in Chinas textile industry started to see decline before the coronavirus surged overseas. According to customs statistics, Chinas export of textile yarns, fabrics, and products in January and February reached $13.77 billion, down 19.9 percent year-on-year””Exports of clothing and related accessories reached $16.06 billion, down 20 percent year-on-year””The demands from overseas markets continue to shrink as overseas companies and factories, and even national borders are being closed in a bid to contain coronavirus. Textile companies in China are seeking a change”””We are stepping up development on new products for summer outfits to explore domestic markets,” Zhou told Global Times. “Fortunately, domestic markets are moving, we are receiving orders for March and April now””Hus company mainly produces medium and high-end uniform fabrics, such as public security uniforms, military uniforms, business suits, and womens wear. Now she is considering exploring the domestic fabric market of childrens cloth. “”China is a major exporter of clothing and textile. 60 percent of the worlds clothing materials are produced in China, and 20 percent of the international trade of semi-finished goods such as spinning thread, cloth, and zipper buttons is related to China, according to reports”
Date:3/31/2020
Source:english.mubasher.info