October 1, 2018

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Overseas sales at Shenzhen Huacun Textile Co. Ltd were hit badly the particular EU’s debt crisis also. The company boosted shipments of casual wear to France and Italy in late 2008, when one of its major US clients went bankrupt. Business recovered gradually, but started slowing at the end of 2009, when the value of this euro started falling on the US $. Since then, the volume of orders from various EU buyers has dropped 10 to 50 percent. The company now expects overseas sales in H2 2010 with regard to 50 percent lower than first half exports.

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