Chinese shoemakers are fighting to survive
Posted by adminAug 17
Fighting to survive
I t °s no wonder Chinese shoemakers are in the fight of their lives. According to statistics released by the Chinese customs, as the largest shoe producer and exporter, China produced 9 billion pairs of shoes in 2005 and exports were valued at $17.1 billion, accounting for 53 percent of the world’s total shoes output and 60 percent of global shoes ex ports. The EU was China’s second largest shoes export destination, buying 14.6 percent of Chinese total shoes exports. From January to October 2005, China ex ported 805 million pairs of shoes to the EU with value of $2.6 billion. However, the Chinese shoe industry is beginning to go down the drain through a whirlpool of international, from Spain burning Chinese shoes to the EU imposing anti-dumping duties.
“The EU’s anti-dumping duties” Chinese shoes will influence 70,000 job opportunities in the Chinese shoes industry,” said Lu Jianhua, Director of the Department of Foreign Trade of China Ministry of Commerce. And it’s not just employees suffering’(TM)the industry top-to bottom will, Lu said.
By expert accounts, the average price of Chinese shoes is 8 euros per pair there. With extra anti-dumping duties, the importing price of eve ry pair of shoes will increase more than 1 euro. The extra duties will influence 14 percent of Chinese shoes exports to the EU. Wu holds that most European importers will not bear the tariffs as high as 17 percent, ex c ept for a tiny minority of shoes with high quality and novel designs. Most of the orders that had been given to China will be shifted to other areas. It is estimated that in the next two years, at least 70 percent of involved orders will be transferred to other Southeast Asian nations.