In the first half Foshan Total value of 11.188 billion U.S. dollars exports fell 22.3%

Switch to domestic or “upstream”?
Export, consumption, investment and spur economic growth, “troika”, Foshan Municipal Committee of the Tenth Plenary Session of seven published half the export trade worth 11,188,000,000 US dollars, down 22.3%. Relevant departments of the first half of Foshan GDP grew 12.2% growth, the city’s overall economic trends for the better, but the lack of external demand, leading to falling exports of excess production capacity that are difficult to alleviate. Faced with this situation of foreign trade, exports break through the Where is the way companies do?

Market segments, in the exporting country to identify
Sell Personnel, reducing the cost of local marketing chain; trade shrinking domestic market for quality products turn, keep working hard … … Yesterday, the reporter found that in-depth visits to foreign trade enterprises, many companies that face no matter what the situation of export, companies should insist on hard work, needed to train their internal organs , and tap new markets, improving their soft power, in order to win.

Exports fell 22.3% during the first half
Foshan Municipal Committee of the Tenth Plenary Session of seven announced in the first half of Foshan GDP growth up 12.2%, Foshan City Mayor Chen Yunxian, this is defined as “continuing to pick up, first to escape”, the city’s overall economic trends to the good.

In addition, it was also announced, in the first half of Foshan city import and export value of 16.527 billion U.S. dollars of trade, down 21.4%, including exports worth 11.188 billion U.S. dollars, down 22.3 percent next year, down more than the city also import and export the decline. Chen Yunxian, frankly, the city of Foshan in the first half of this year both investment and consumption to maintain double-digit growth, become the main driver of economic growth support, Chancheng,

Shunde , Gaoming time more than half of fixed investment have achieved the task more than half of the city-wide retail sales of social consumer goods grew more than two percent.

However, the traditional export market weakness can not be ignored, “Foshan, exports to the EU market decline significantly, Russia, Brazil and other emerging markets, exports decline is not significantly changed.” Said Deputy Mayor Li Zifu analysis. But, in this situation before export, in the first half sales rate of industrial scale is still up 96.8% over the same period last year only 0.1 percentage point lower, indicating that open up domestic markets Foshan made remarkable results.

Dilemma The decline in exports enterprises have to find breakthrough
Interview, many companies that export to go? Shunde, an appliance manufacturer person in charge of Mr. Yu said frankly, the current domestic market developed rapidly, or even market saturation, then the business is still difficult to maintain the existing business.

“Must be better skill to expand exports, down working hard to give up foreign markets for years, but later want it back in trouble.” Foshan, in charge of economic work, said Deputy Mayor Li Zifu analysis, a series of economic stimulus policy on GDP growth in the first half of play strong pull effect, but the domestic market will gradually become saturated, so that “we must export grip on this.”

Way Steering type: Find new markets for domestic transfer of foreign trade
Glory of music is a specialized infant development, production and sales of baby clothing
Clothing Company products are exported to Europe, the Middle East and Southeast Asia. Miss Wu description of the business person in charge, since the

Financial Crisis, the export channel to clear blocked, “the product is primarily for export orders, that is someone else’s OEM, but orders have been from time to time.”

Ms. Ng introduced products for export ratio has fallen to less than two percent so far this year mainly on the domestic market, “as more new models, the domestic market, a good reaction.”

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Guide language: French luxury goods group Hermes (Hermes) has announced half-year results Gazette, first half of 2009 net profit fell by 7%, although this seems Paris-based company to manage our way through than expected in this economic downturn period.

The bottom line may have to adjust, but at the current exchange rate, its first half turnover rose 7.6% to 874.9 million euros (1.242 billion U.S. dollars combined).

Hermes said the instability of currency by the euro at the current exchange rate, its first half consolidated net income decreased to 125.4 million euros (1.78 billion U.S. dollars).

Hermes release said the profit decline was due to decline in the rate of financial investment income and foreign exchange value of the adjustment.

The French group added that operating profit fell 2% to 199.8 million euros (284 million combined). In the evaluation of more difficult market, the fashion house said its first-half operating margins account for only 22.8% of sales, while 25.1% over the same period in 2008.

In order to emphasize the group is confident that smooth out the economic downturn, Hermes said it has invested in the first half of 5200 million euros (74 million U.S. dollars). The main focus on expanding the branch network. It opened five new branches: two in the United States, the other three were in the UK, China and South Korea, in the second half of the expansion, has made concessions in Japan.

In addition, the luxury brand in the June 30 end of its fiscal year, net cash of 3.54 billion euros (503 million).

Hermes weaker wholesale business, a substantial drop of 22%, because of its watches, perfumes and tableware network of specialized branch of reduced orders.

While the fear may be the next economic rebound is the same as last time. That is, low employment recovery has not been proven in Hermes, which in the first half, an increase of 94 new jobs, mostly in production and sales posts, so the overall number of employees at 30 June 7988 has been reached people.

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