Export shoes enterprises should beware of the risk of deterioration in the euro
Spread in Europe, the Greek debt crisis, appears to occur in distant shores of the Mediterranean, has already spread into the export business in Quanzhou. Recently, some enterprises reflect the spring, Greece, Spain and other European countries, some buyers to postpone the order, experts and industry have also issued the export market may be deteriorating corporate warning.
Some European buyers to defer orders
"If the Greek debt crisis worse, it may evolve into the debt crisis of the whole of Europe." Huaqiao University Business School Professor Yin Xiaobo analysis, said the debt problem in Europe will lead to reduced demand, while the EU is China's largest export market, once the recovery is fragile The EU economy is once again in trouble, China's export situation will become more complex, the European Union as the main export markets of Quanzhou companies will also be a greater impact.
The EU is also the most important export market in Quanzhou. According to Quanzhou to customs statistics, last year the city exported 1.52 billion U.S. dollars to the EU, an increase of 6.8%, the European Union ranked first in the city's major exporting countries.
"Several have talked about the European guests, has suddenly come to e-mail requests to delay the next one." Slippers enterprises in Quanzhou a little bit helpless person in charge Mr. Chen said recently in countries such as Italy and Spain have pledged to suspend the customer orders , and has orders for a customer calls for extension of the Greek ship, these are old clients, but also the company's major customers. "Greece Debt crisis has an impact on the business, although no shortage of orders, but once the debt crisis spread to the whole Greece, Europe, resulting in sharp drop in orders, the third and fourth quarter-to-order situation is worrisome."
Should beware of the risk of market deterioration
The industry to remind the Greek debt crisis could lead to a local group of corporate bankruptcies in recent stage of export goods to the Greek enterprises in Quanzhou, owed money to guard against the importer. In addition, Greece has the debt crisis in Portugal, Spain and other countries sparked a chain reaction, which also exists in the market risk of deterioration in recent stage of exports to these countries, enterprises should also improve risk awareness.
"Spain is the foreign trade enterprises in our city one of the important export markets, Greece and Portugal are relatively small." Quanzhou Exit Inspection and Quarantine responsible person, Spain, last year the city exported a total of 2566 approved products, the value of 63.22 million U.S. dollar, exports products to the Spanish clothing, toys, shoes, mainly furniture. Greece and Portugal, respectively, the export value of 92.6 million and 6.35 million U.S. dollars, exports are mostly casual shoes, clothing, household ceramics.
Xu toy export enterprises in Quanzhou a vice president told reporters that the current order in which they received 6 percent from Spain and other European countries, "including old customers for many years, including in Europe, all customers must be prepaid 30% before placing an order? 50 % range of loans, such loans can reduce the risk of business recovery. "
Xu Deputy reminded Greece and other countries are still in hand orders for export enterprises in Quanzhou city as soon as possible, as soon as possible to recover money, but also to avoid the frequent use of the euro exchange rate fluctuations settlement, using the exchange rate more stable U.S. dollar clearing, and through long-term foreign exchange, export letter of guarantee, etc., to minimize the risk of exchange rate fluctuations. In addition, enterprises should pay attention to save the country with Greece, e-mail exchanges between customers, if defaults occur, these messages can be used as valid evidence, enterprises can protect their rights through legal means.
Firmed the future euro-zone economy
"From the general trend, the future euro-zone economy will not collapse in the case, but the ups and downs over time the economy is in the affirmative." Professor Yin Xiaobo that the whole, the EU is at a critical moment, the euro zone economy good fundamentals, Germany and France, two large proportion of total EU GDP of countries, strong economic recovery; Greece, Spain, Portugal, countries have embarked on such issues as fiscal consolidation, the correct path to reduce the deficit. The EU recently launched 750,000,000,000 euros rescue package for the spread of the debt crisis of isolation of Greece, also helped the market regain confidence in the euro area.
Professor Yin suggested that during periods of volatility in the euro zone economy, Quanzhou and export enterprises and delayed orders for European customers to maintain contact on a regular basis to understand the local market recovery. No matter how the development of the crisis, companies that make their products first, and only good products to a slice in the fierce competition.
I am an expert from China Toys Suppliers, usually analyzes all kind of industries situation, such as ecko women’s shoes , high heel evening shoes.
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