CHINA: Fall in Shoe Export Orders
Chinese shoe makers say that they have been hit by the EU anti-dumping duties on China-made leather shoes, as orders have decreased, and distributors are demanding price reductions with some not willing to pay more than $2.50 for a pair of leather shoes.
The European Commission (EC), the EU
According to a Guangding-based shoe company, if EU franchisers want to shift the cost of the duties to Chinese exporters, it will inevitably hurt Chinese shoe makers as it will slash manufacturers' meager profits.
The company exported 500,000 pairs of shoes to Italy last year, but its distributors in Italy cut April orders by half and have been demanding a price decrease from US$3 to US$2.5 a pair.
A company official said that the EU tariff will compel a large number of small- and medium-sized shoe makers to close down, menacing thousands of jobs.
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