Anti-dumping duties promulgated by European countries on Chinese shoe manufacturers have affected specifically Guangdong province.
This region holds about 50 percent local and 30 percent global market share, as per market sources.
The same situation is faced by Sichuan province, which has recorded an export value of RMB40 million in last 4 months, increased by 39.2 percent.
However, in the wake of EU's decision to impose anti-dumping duties on this province, it has to suffer a loss of huge revenue it has been generating through shoe exports.
Current situation forces leather associations, shoe manufacturing conglomerates and other trade bodies to come together and deliberate over this that has been detrimental to the overall proress of such a vital economic activity for the regions' prosperity.
Fibre2fashion News Desk - China
marketing@alchempro.com
