Cold the next shoe to undergo transformation and upgrading.docVIP

 PAGE \* MERGEFORMAT 6 ‘Cold’ the next shoe to undergo transformation and upgrading With the global financial turmoil, the dollar depreciation, exports, stock market volatility, the RMB exchange rate, energy and raw material prices, labor shortage, the new labor law, inflation, monetary tightening, rising food prices, economic slowdown, the earthquake disaster, and so cold . China’s shoes in Wenzhou shoe enterprises is subject to many of these risk factors, increased industry consolidation to accelerate heightened competition, some companies go out of business, closure, relocation, layoffs and so on, a lot of the media to witness and record the financial crisis in this industry at this time run over footprints. Footwear industries and enterprises are facing the cold of winter, especially in 2008 off stage, a number of enterprise funds into the chain of circumstances that the deterioration of shoes for small and medium sized enterprises in terms of the momentum are not good. While the world economy ‘cold’, the China’s domestic consumption is also tightening up, but the reform and opening up 30 years ago, the increasing influence of China’s economy at the same time, the Chinese economy’s impact on the world economy started to increase. Chinese Premier Wen Jiabao said that the overall view, the fundamentals of China’s economic development has not changed, is moving in the expected direction of macro regulation and control. As for shoe leather products are fast moving consumer goods must be consumption, therefore, market prospects and space for shoes, or continue to extend consumer demand for footwear is also a shoe competition, the direction of extension of the direction, in 2008 nearly three months of the year is the run-off enterprise competition moment, the situation is said to be more severe in 2009, some who are too weak to force companies to do insist on not going to be really competitive in the next stage will be opened to a larger distance, if an enterp