Europe And The United States Sales Weak, Hong Kong Textile Clothing Factory Was Forced To "White" To Do The Order.
European debt
The impact of the crisis is more and more obvious.
Hongkong government announced last month Hongkong
Export value
It was HK $278 billion 600 million, rising by 2% annually, the second worst month in 2011.
Export data in November mostly reflected the progress of Christmas supplement, which had little effect on export performance in the whole year.
The Hong Kong textile and garment industry is most worried about the lunar new year, and some manufacturers are unable to pay the cost and salaries of mainland Chinese employees.
A spokesman for the Hongkong government said that the value of Hongkong's exports in November was only a modest increase. As the European economy was on the edge of the recession, the export of Asian economies, including Hongkong, weakened, and the intra regional trade relations with the global supply chain also declined.
Textile exporters pointed out that the situation in Europe and the United States is very poor. Many textile manufacturers have estimated that buyers in Europe and the United States will ask for a reduction in 2012. But when the cost is rising rapidly, most manufacturers will insist on reducing the price.
Order
The loss to Southeast Asia may affect Hongkong's export performance in the first half of 2012.
The Hong Kong textile and garment manufacturers are very helpless because the barely priced orders are only "white". Now more and more manufacturers are refusing to accept low profit orders. Some manufacturers may be forced to accept temporarily because of insufficient orders.
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