Experts on the financial crisis of the textile industry

Labor costs in raw materials prices, electricity prices, many Chinese companies to establish their own brands, they can still get orders and profits.

– Alibaba Group Chairman and CEO Jack Ma recently in Guangdong to do market research found that in the crisis before the beginning of the successful transformation of Chinese enterprises.

Guangdong exports was flexible, is one of the reasons the province’s export diversification and corporate influence. A production of any market for any products of the provinces, have a very good hedge advantage. The continued strong home electronics products and demand for high-tech products, offset by weakness in the apparel industry.

– Britain’s “Financial Times” Tom. Mitchell (Tom Mitchell) that the industry can effectively deal with diversified apparel industry brought about by the pressure of weak exports.

Lehman Brothers filed for bankruptcy protection as well as the acquisition of Merrill Lynch was the most direct consequence is that financial institutions will tighten the money supply and lending will be very “cautious”, the inter-bank lending will be more difficult, mortgage rates will rise.

– “Global Development Finance report,” lead author, the World Bank in charge of international financial Mansoor. Dailami in an interview with Xinhua News Agency analysis of the Lehman Brothers filed for bankruptcy on the impact of the financial sector.

China is the fact that the recent price increases, inflation pressures continue to increase in not fake, Chinese export prices may, therefore, so that imports of Chinese goods developed countries, especially the United States, along with the price of imported goods prices is probably inevitable . However, in this regard, said China’s export of inflation, not only unfounded but also was suspected of right and wrong. At present, China’s inflation pressure as the typical type of input, not only China’s output of the source of inflation, U.S. output but rather the victims of inflation.

– Shanghai Academy of Social Sciences Institute of World Economics, deputy director Xu game of the view that China is not exporting the source of inflation.

When the financial crisis facing the West, on the contrary I personally hope that everyone interested in China’s financial reform, we must have some way away, we must move towards market-oriented in order to build global competitiveness.

– Professor of Economics, said Fan Gang, we should speed up the pace of reform, the U.S. financial crisis on China, the opportunity is greater than the difficulties.

U.S. financial sector turmoil ultimately in the economic sectors increased in real terms in the credit crunch and global financial institutions will have a direct impact on a number of turbulent financial markets and the real sectors of the economy, including the local textile industry. Chinese textile industry to expand domestic demand, apart from the correct product, but also the need to increase national income, as well as lower prices, housing expenditure was made up of too many people more purchasing power to transfer to a number of consumer goods.

– Ministry of Commerce Mei Xinyu, an associate researcher at the Institute that China’s textile industry to deal with the impact of the financial crisis in the United States should rely on expanding domestic demand and increase national income and improve the consumption power.

U.S. financial crisis spread of China’s textile industry has two main aspects: First, the United States accounts for global market share shrinking, and the other is caused by the shrinking global market.

– Eastern Iger Ma Wenfeng, an analyst that the U.S. financial crisis affecting the proliferation of Germany, Britain and the European Union pulling the economic development of the country, the situation in the economy have emerged one after another, then decreased consumer demand, Chinese textile and garment exports in the face of the global market will be The shrinking.

At present, the major U.S. textile groups have been put forward including the countervailing investigation, anti-dumping investigations, product-specific safeguard measures and other programs. In addition, the U.S. presidential election results will lead to a certain extent, the future of the textile trade policy towards that once the Democratic presidential candidate came to power, textiles will likely be the U.S. government on China trade policy stance of a victim of severe; if the Republican candidate to win The United States textile industry a wide range of restrictions in an attempt to face more difficulties.

– An industry veteran editor of the view that the U.S. economy in crisis, trade protectionism may make a comeback.

Unfortunately, if only on the surface, emerging markets may be drawing the wrong lessons. Unfortunately, it is true that this crisis should be the lessons learned precisely: to give up some of the principles of the free market may in fact lead to the current impasse in the United States. Moreover, these countries in order to maintain a high growth rate so that more people to participate in the development process and benefit from, financial development can only be final.

– Cornell University Professor of Economics Eswar Prasad that the United States should draw lessons from the financial crisis.

At present, the global economy in a very difficult nodes, but the emergence of a global recession is unlikely. Many market is still growing, but growth has slowed, but emerging market economies to the development of our growth.

– PricewaterhouseCoopers Global CEO Di Pazha financial crisis that will promote the emerging market economies.

China’s economy, the wider Asia-Pacific region, said the economy will be found through this financial crisis. These emerging economies and the economic slowdown will not be a recession, China’s economy will continue to maintain a stunning growth rate. China will continue to increase fixed asset investment, exports continue to expand, which will provide support China’s economic growth. At the same time, we hope that China can build a larger consumer groups, diversification of economic growth.

– Deloitte Touche Tohmatsu-kui Li Jie, CEO of the view that the financial crisis on China’s economic growth will not only affect the recession, and China’s economic growth, diversification to better cope with the crisis.

China no matter how large or small businesses, entrepreneurs should understand the international situation changes and trends, and then change the policy and strategy.

– New Oriental Education & Technology Group, Yu Minhong, chairman and president of the view that Chinese entrepreneurs to solve the big problem is that macro-strategic vision necessary to keep pace with the international situation.

Rising raw material and labor costs, more and more stringent government regulation, as well as appreciation of the yuan significantly reduced the low-cost Chinese manufacturers profit margins, as well as the country seems to be unable to stop the export of machinery.

– U.S. “Time” magazine reporter Michael Schumann • In an article entitled “China can be competitive?” The report analyzed China’s economic transformation, he believes that China’s cost advantage has not.