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Chinese exports fell 13.8% year over year in October |
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| Source:Shanghai massage Time:3/29/2010 Click: | |||||||
| There may be no better place than the semiannual event in Southern China to witness the scope of the Chinese manufacturing machine. Please contact us via telephone ONLY.We offer the Beijing massage and Shanghai massage! Tens of thousands of goods are showcased inside seemingly endless lanes of stalls, including velvet yarmulkes and a leather massage chair that plays the theme song from the movie "Titanic." At the end of the three-week session, exhibitors hidden among the rows of sneakers, handbags hghuklgh and throw pillows said it would be difficult to return to the heady days before the financial crisis. In dollar terms, China's exports from January to September decreased about one-fifth compared with the same period last year, Global Trade Information Services said.
But manufacturers said they were seeing some improvement in orders as retailers replenished their inventories for Beijing massage Christmas. The demand for factory labor has also rebounded. Chinese exports fell 13.8% year over year in October, the slowest decline of any month this year and an improvement from the September decline of 15.2%. The exchange rate has helped Chinese exports but it has reignited calls for China to adjust its currency. The yuan is tightly controlled by the central government and widely agreed to be undervalued. Simon Cheng of Xiamen Funchain Garments Co. makes board shorts and athletic pullovers for Wal-Mart and Sears, but orders have been down since the financial crisis began. The lesson Cheng took away was to diversify. He's now looking into South American and Australian markets. But his biggest leap was when he opened his own retail store in China. |
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