The euro area and gradually bring disaster to the debt crisis of Zhejiang clothing enterprises - Men - Business

quot The European sovereign debt crisis of the Zhejiang Foreign Trade will be more serious expected in May and June the third quarter performance will be even more obvious quot Zhejiang branch of CITIC a security official said in recent weeks the company received European buyers more than bankruptcy or can not pay the balance due on time case buyers from Italy Britain and Germany quot In the past these buyers have good credit records can be present or affected by the debt crisis quot Europe and the United States market has been the Zhejiang Textile Clothing Largest export destination for business quot Fragile quot Hangzhou Jetta Clothing Ltd Marketing Manager Ding Ying describes the European business for some time She said the whole company is very depressed recently because many clients that under the debt crisis in several countries Spain Portugal Italy in March after the orders has been no new orders And clothing exports China also experienced solar companies can not p ay the purchase price of the other problems Hangzhou photovoltaic company sent a group of German goods because the customer payment can not be forced to remain in port quot The debt crisis has spread to the Greek export enterprises in Hangzhou a number of European countries buyers postpone the order if the European side of the economy deteriorate further it may evolve into the debt crisis of the whole of Europe quot CITIC protect a person said that the recent euro zone countries the company made several risk warning to prevent the loss of foreign trade enterprises to expand Although not optimistic about the euro zone economy but business is still going to do quot We are mainly sub contract to enter into the season and now to enter into the third quarter or second half of the time the contract quot Said Ding Ying Zhejiang 39 s foreign trade enterprises are concerned with the development trend of the euro area and the euro will continue to decline 5 12 in Hangzhou Foreign Econ omic and Trade Enterprises Association and member companies with the seminar held on how to deal with the euro for enterprises who do discuss the crisis quot Changing the currency of settlement enterprise in Zhejiang can use the primary means quot Said Ding Ying taking into account the uncertainty of the future euro on exports to European countries enterprises can use the RMB and try to use the RMB settlement the other party does not agree with the RMB then try to use U S dollars Hangzhou Foreign Trade and Economic Council to remind a person during periods of volatility in the euro zone economy export enterprises and delayed orders for European customers to maintain contact on a regular basis to understand the local market recovery Recently the company exports to Greece to beware of importers defaulted loan In addition the debt crisis in Portugal Greece Spain and other countries sparked a chain reaction which also exists in the risk of deterioration in the market recent expo rts of goods to businesses in these countries should also improve risk awareness

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