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[ 2009-12-21 17:01:00 | By: bcde625 ] |
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At one of the world's largest trade handbags fairs last week, exhibitors said they were adjusting to handbags doing business in a world where the ubiquitous "made in China" label has been humbled by the economic crisis.
Many said they were targeting new markets such as Latin America to make up for the diminished role of U.S. consumers. Others spoke of having to drop prices or use cheaper materials to stay competitive.
It has been a difficult time for China's light manufacturers -- the mostly private enterprises that for years gucci handbags have produced the nation's bread-and-butter exports such as clothes,nfl jerseys, shoes and household items.
Lower demand has exposed their vulnerability to foreign markets. And when Chinese policymakers discuss the nation's continuing economic development, they speak of shifting away from being the cheap factory floor of the world. The future, they say, is in value-added products.
"Light manufacturing is still very coach handbags important, but it is a little anachronistic,gucci shoes," said Ben Simpfendorfer, chief China economist for the Royal Bank of Scotland. "It's less relevant than it was a decade ago."
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