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Article: China Focus: Coastal city strives for early economic revival (1)
- Article from:
- Xinhua News Agency
- Article date:
- March 16, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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China Focus: Coastal city strives for early economic revival (1)
by Yang Jianxiang, Zhang Heping
WENZHOU, March 16 (Xinhua) -- Sitting in her booth at the Canton
Fair in April 2008, Xu Yunxu could see business was troubled. Her
"Trace" brand women's garments had sold to more than 20 countries,
but this time some old faces failed to show. Others narrowed their
selection of products and were far less enthusiastic and generous in
placing orders.
Then, the problem was fluctuating exchange rates and rising costs
of raw materials and labor. "Some of our customers were just not in
the mood for business," says Xu, chairwoman of Wenzhou Tengxu
Garments Company.
Sales worsened at the same fair in ...