Global Sources clothing online on 385, according to a survey of international buyers shows that most of the interviewed buyers said they need to pay higher prices to purchase Chinese products. As China's export prices continued to rise, relative to other less expensive supply market, the impact on China's low-end products, the most significant.
research shows that 68% of the interviewed buyers said the yuan revaluation of its strategy of sourcing from China had an impact, of which 54% of respondents refer to RMB appreciation lead to the export prices of Chinese products. One-third of buyers surveyed expected in the next 6 months, the yuan will appreciate to $ 1 on 6.5 yuan, of which 29% of the respondents were more expected, the exchange rate will rise to 1 U.S. dollar against 6.43 yuan.
in response to the strong appreciation of the RMB, 54% of respondents plan to increase the buyer's purchase from other countries, of which 57% pointed out that India will be one of their main choice . However, for certain specifications and the need for rapid delivery of procurement requirements, buyers still have a certain dependence of Chinese exporters.
president of Global Sources Pei grams, said: good service, quality and higher yields to offset the impact of rising prices. The planned increase in the implementation of the measures include: 24% of respondents will increase the retail price of the buyer; 22% of the buyers plan to reduce the amount of each purchase of products and place an order delay time; 20% of the buyers will only purchase from China low-end products; 17% of the respondents pointed out the buyer, they will end procurement from China and high-end products; 14% of buyers will offer a fixed rate export; 9% of the buyers plan as a trade settlement in RMB base currency.
data show that 31% of the interviewed buyers said they would increase purchases from Vietnam, of which over half of European and American buyers, and another 19% from the Middle East. Among them most of the procurement of hardware, consumer goods, fashion apparel and accessories mainly, there are some buyers to purchase personal electronic consumer goods. In addition, the Vietnamese garment products generally 30% cheaper than China, so China garment exporters have felt the overseas buyers purchase the transfer, in which the casual clothing industry have been hit hardest.
research also found that 30% of the buyers surveyed plan to increase procurement from Thailand, of which 24% of buyers in Europe and America, the Middle East buyers, followed by to 22%.
According to reports, the survey conducted in December 2010, the global resources market analysts visited the 385 to purchase Chinese-made electronic products, household items, gifts and gifts, clothing and textiles and metal products, buyers, most of the interviewed buyers from China's major export markets, including Europe and America and the rest from the Middle East, Central and South America and Asia.
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