Thursday, August 18, 2011

China's Exporters: Orders Likely to Slow, and Some Christmas Orders May Be Cut

How are you China exporters??? yeahh China is already got pain too because of European and American Economic Crisis, as reported from reuters, A week after surprisingly strong export data for July, interviews with 16 Chinese manufacturers showed that most expect a slump in exports in the coming months, particularly for textiles and electronics.

Roger Wen said, "Right now with Europe's debt crisis, people are making less, and they will have to buy less too. That will have a big impact on our business," Roger Wen is work as a manager of the Shenzhen Design Center Co, which exports small home appliances such as microwaves and coffee makers.

He also added, "Christmas orders have already come in and they aren't bad, about the same as last year. But I'm not sure all the orders will go through in the end," he said. "When we get to September and October, who knows if they'll still want the shipments. They might cancel." 

Here is the short summary :
* Orders likely to slow, and some Christmas orders may be cut -execs
* Rising yuan will hit exporters
* But heavy machinery makers still optimistic
* Expected fall in exports will not be as bad as 2008 -economists

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