日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Flat demand in US starts to hit firms in China

By Li Jing (China Daily) Updated: 2015-08-06 11:24

Lei Shengzu, manager of China Textiles (Shenzhen) Co, does not mince his words about the future.

"The outlook for the United States textile and apparel market remains clouded by poor visibility," he said.

Lei visited shopping malls and retail stores when he was in New York recently for a three-day international textile and apparel sourcing show at the Jacob K. Javits Convention Center.

"There are few people buying clothes by piles, which, however, was common before the global financial crisis," he said. "Consumer habits have changed since the start of the crisis in 2007."

Last year, the US imported $467 billion worth of goods from China, compared with $440 billion in 2013, according to the US Census Bureau. But through May 2015, imports from China have averaged $37.1 billion a month, which would project to a yearly total of $445 billion.

Textile and apparel imports from China have remained flat after some sizable percentage gains from 2000 to 2009. According to the Office of Textiles and Apparel in the US Department of Commerce, total textile and apparel imports were $41.8 billion in 2014, compared with $41.7 billion in 2013, a rise of only 1.49 percent.

Tepid consumer spending is also echoed by the US GDP report for the first quarter of this year. It showed consumers ratcheted back spending, a key factor in slowing economic growth.

Personal consumption expenditures rose at a downwardly revised 1.8 percent rate from January through March. Spending on services climbed 2.5 percent, but purchases of goods rose 0.5 percent. By contrast, consumer spending was up 4.4 percent in the final quarter of last year.

US GDP contracted at a 0.7 percent seasonally adjusted annual rate in the first quarter, from an initial estimate of 0.2 percent, according to Commerce Department data released in May.

The US Federal Reserve is forecasting growth of 2.5 percent for the next two years, only marginally above the tepid rates from the start of the recovery.

The Financial Times reported after years of virtually no income growth, Main Street is unprepared for positive price fluctuations. Consumers have opted to pocket the recent gains from lower gasoline prices rather than spend them.

Lei said that as the economy becomes increasingly globalized, the ongoing recession in the eurozone is likely to put a dent in the US economic recovery. Lei said he believes the market needs at least two or three years to rebound. Industry insiders have realized that it is harder in the US to find buyers for high-priced, high-end fabrics and products.

"And US buyers tend to be more picky and sensitive in price," said Deng Zhijuan, an official from Shanghai-based High Fashion Textile and Manufacturing Co.

"Big deals are also hard to make. Many buyers are just (looking) for some small quantity shipments. They are either independent designers or online retailers."

Still, there are some bright spots. Zhu Jing, manager of Ningbo Aoqi Technological Knitting Co, said that although the bids are lower, there is still some profit margin.

"As the Chinese market has been open for decades, it has fostered a wealth of potential buyers and business partners who are willing to do businesses with China," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久网页 | 日韩视频一区二区三区 | 国产中文字幕第一页 | 一级黄色免费观看 | 国产经典一区二区三区 | 色老头综合网 | 天天视频入口 | www.亚洲色图.com | 亚欧洲精品在线视频免费观看 | 91狠狠综合久久久 | 欧美国产第一页 | 日本精品999| 韩国舌吻呻吟激吻原声 | 可以在线观看av的网站 | 亚洲二区在线视频 | 久久bb | 国产精品不卡在线观看 | 国产有码视频 | 久久草草| 欧美做爰视频 | 国产精品视频免费看 | 中文字幕在线资源 | 国产成人自拍在线 | 国产精品www爽爽爽 国产一区二区免费在线 | av网站免费在线观看 | 亚洲美女黄色 | 911香蕉视频| 日本美女性爱视频 | 色小说av| 国产专区视频 | 亚洲午夜18毛片在线看 | 欧美日韩免费在线 | 日韩在线免费视频 | 欧美日韩亚洲天堂 | 一二三区视频 | 免费的黄色av | 一级片在线 | 一级黄色在线视频 | 午夜在线播放视频 | 日韩av免费一区 | 成人短视频在线免费观看 |