In 2012, Wenzhou Shoe Enterprises Will Continue To Fight Hard For Export.
In December 19th, including CICC, Nomura Securities (Asia) and JP Morgan chase launched the outlook for China's macro-economic outlook in 2012 and the future of the A share market.
Agencies including these investment banks generally believe that China's economy will face greater downside risks in 2012.
The biggest risk in 2012 is external.
Peng Wensheng, chief economist of CICC, predicts that in 2012, China's GDP growth will reach 8.4%, while consumption contribution will rise to 4.5%, investment contribution will decline, 4.4%, and net exports will contribute negatively to -0.5%.
CICC believes that the biggest risk of China's economy in 2012 is still external.
If the European debt crisis worsens into the global financial crisis, China's exports will be greatly affected, and at the same time, capital outflows will increase, and China's economic growth will be faced with a larger downside risk.
Zhang Zhiwei, chief economist of Nomura, is more pessimistic. It is expected that China's GDP growth in 2012 will be 7.9%, the first time since 1998, less than 8%, which will be an unusual event for China.
Zhang Zhiwei predicts that the GDP growth will be 7.5% in the first quarter of next year, and the economic growth will obviously slow down.
He predicts that in the next two quarters, real estate investment will drop sharply, and industrial production will be hit harder. There will be a big possibility of a sharp decline in export growth.
External risks are mainly export oriented.
Wenzhou shoe enterprises
It may be a challenge and pressure.
With the continuous spread of the European debt crisis, some Wenzhou shoe enterprises began to turn their sales channels to ASEAN and other places. Cheap labor and raw material costs are great temptations.
2012, for the global economy, it is a critical period for Wenzhou's small and medium-sized shoe enterprises.
Exit
The shoe industry's export battle may continue for some time.
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