At the Intertextile exhibition held in Shanghai in October, international and Chinese exhibitors were cautiously positive about the future trends. "The worst moment for the textile industry has left behind us, however, no one can tell when the industry will really pick up," Zhuang Jiaren, General Manager of Fujian Zhonghe told AdsaleATA.com.
A key indicator for market pickup is retail market sentiment, according to Mr Zhuang.
"The situation in the Chinese retail market is not so bad, compared with the quite miserable market environment in the US and Europe. New products there are sold at discounted prices immediately after being put onto the shelf. Quick-responding retailers like Zara continue placing their orders regularly. Other players appeared to place orders prudently as they preferred to keep down the inventory," said Mr Zhuang.
To weather the economic downturn in exports markets, Fujian Zhonghe has intensified its product research and emphasized small-batch production, Mr Zhuang added.
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