economic crisis cambodia
economic crisis cambodia
Himfr.com reports Ningbo garment industry: to transform in the cooperation
“I have just visited CHIC, exhibition is not only well organized, but also reached a very high standard, especially in men, knitting and so on. However, these also failed to translate into large-scale events in the world market penetration in the Chinese brand strength. “Chamber of Commerce in Florence, Italy, Mario hopes Ningbo garment enterprises in cooperation with the Italian brand,” This is not only for purposes of production, but should be reciprocal. For example, Ningbo, CHIC is entirely possible, have the ability to play caused by Asia’s’ International Men’s Show ‘. I think clothing should be organized, Ningbo delegation to visit Florence, preferably in January next year,’ International Men’s Show ‘during the period. “
“Ningbo As the mainland’s major garment production base, well suited for cooperation with the Hong Kong garment industry. As a global apparel sourcing center, Hong Kong attracted a large number of international trading companies and large retailers, many international luxury brands have set up purchasing offices in Hong Kong, or intermediary institutions, Ningbo garment manufacturers can use this advantage of Hong Kong, Hong Kong as a platform for international trade to better explore overseas markets. “Hong Kong Trade Development Council, said Chen Jiaxian.
At the recent session of the 13th Ningbo International Fashion Festival held during the second session of the Garment Industry International Cooperation (Ningbo) round table, representatives from the ASEAN 5 countries garment industry associations, chambers of commerce in Florence, Italy, Korea Institute of Design Association, the American International Entrepreneurs Association, the Chinese Clothing (000902) The Association in 18 countries and regions, representatives of the clothing, have a financial crisis under the Ningbo garment industry Weapon.
Ningbo Municipal Committee, vice mayor Yu Hong-yi said that in today’s world, any country and regions, industrial restructuring and revitalization, are inseparable from the international industry of close cooperation and exchanges. A country that has a high degree of internationalization and globalization of the industry, garment industry, in particular, need to focus on the development and strengthening of international exchanges and cooperation, adhere to industry integration and common development. Especially in the severe international financial crisis under the impact of international and domestic apparel industry must carry out a wide range of regional international garment industries, to enhance cooperation in the field, to develop a more regular interaction mechanisms of cooperation.
“International cooperation is an international garment industry an important issue at this stage, the global economy is entering a period of gradual recovery, in terms of China’s apparel, industrial restructuring and the implementation of brand strategy, bringing the garment industry’s new landscape, new trends, which Brand Internationalization increasingly accelerated pace, China has also demonstrated an important part of the international market characteristics. “China National Garment Association, the Secretary-General Wang Zhuo said,” the future cooperation will focus on branded apparel industry chain and expand international cooperation, how to industries in countries characterized by bring into full play, centering on the brand establish full and effective chain of international industrial cooperation, the efforts of the industry in various countries has become entirely possible and necessary. “
Link-yu, director of Ningbo Economic Commission proposal to speed up the globalization of apparel superior resources allocation to the ASEAN market development as an opportunity to gradually bring strength and garment enterprises in Ningbo conditions to enter the emerging markets, thereby accelerating the globalization of garment enterprises in Ningbo, the pace of expansion Ningbo clothing can speed up the gradient of the transfer of some industries.
Yu appears in the Link, clothing industry, with all the industrial development trend, the market will ultimately have to be specialized division of labor. “As the market continued to strengthen collaboration and Ningbo garment enterprises becoming more mature, manufacturing and other sectors within member States at the joint meeting could be achieved gradually shift.”
In this regard, Singapore’s textile and apparel General Chamber of Commerce PAN Yao-chuen, too, he said, “This time, the Asian garment union delegation to Ningbo, one of the main objectives and Ningbo garment industry enterprises docking. Last year, the alliance of several major textile country Indonesia, Vietnam, Thailand and Cambodia’s exports reached 11.5 billion U.S. dollars, respectively, 92 billion dollars, 6.5 billion and 36 billion dollars. Indonesia’s textile capacity has always been the highest in the country, Vietnam, and Cambodia is currently kept in a strong development momentum, the Union has the potential to expand and develop the most textile and garment industry’s market. Meanwhile, ASEAN’s population of more than 600 million, is a very potential market. based on the China – ASEAN Free Trade Area of the favorable conditions, alliances and Ningbo in the textile garment industry there is a broad space for cooperation in the field. “
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How will the american economic slowdown, with the worsening housing market, effect property markets in Asia?
I own property in Cambodia in Southeast Asia, where the housing market is presently very good, with property values increasing by almost 40% per annually. I am concerned that the US economic slump with its numerous housing forclosures, will eventually effect the housing market in Cambodia as well. I want to know what to expect – will the US economic crisis effect Cambodia or not?
The Cambodian currency is tied closely to the US dollar. With the dollars recent fall on world money markets how will this effect the Cambodian market?
I think it’s going to affect expensive places like Japan and Hong Kong a lot more.
For the long term, I think Cambodia will be okay.
The dollar will eventually go back up. The Euro is way too strong and all of the countries in the EU know a strong Euro is bad for the EU.
Good luck.
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