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It has been a difficult time for China's light manufacturers |
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| Source：Shanghai massage Time：3/29/2010 Click： | |||||||
| As President Obama prepares for his trip to China this weekend, the recovering Chinese economy could complicate his push to "rebalance" the global economy.Please contact us via telephone ONLY.We offer the Beijing massage and Shanghai massage! The U.S. would like the Chinese government to allow its currency to appreciate, a move that could help U.S. companies ship goods to China. But China has resisted letting the yuan rise and hurt China's exports by making them more expensive. At one of the world's largest trade fairs last week, exhibitors said they were adjusting to doing business in a world where the ubiquitous "made in Beijing massage China" label has been humbled by the economic crisis. Many said they were targeting new markets such as Latin America to make up for the hghuklgh diminished role of U.S. consumers. Others spoke of having to drop prices or use cheaper materials to stay competitive. It has been a difficult time for China's light manufacturers -- the mostly private enterprises that for years have produced the nation's bread-and-butter exports such as clothes, shoes and household ite "Light manufacturing is still very important, but it is a little anachronistic," said Ben Simpfendorfer, chief China economist for the Royal Bank of Scotland. "It's less relevant than it was a decade ago." Between 2002 and 2008, the share of China's light-industrial products fell from 45% to 30% of the nation's total exports, according to Dragonomics, a Beijing research firm. Exports of heavy industrial goods such as steel and chemicals grew from a 29% share to 40% in the same period. The remainder was made up of electronic goods. The 52-year-old Canton Fair has, in more recent times, been considered a barometer for the health of China's light manufacturing industries, which make the everyday goods that fill the shelves at Wal-Mart, Target and Sears.
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