CHINESE TEXTILE MANUFACTURERS WORRY ABOUT JAPAN ORDERS FOLLOWING EARTHQUAKE
March 1st, 2011
BY WANG FANGQING
CHINESE textile and clothing companies supplying the Japanese market are concerned about a sharp drop in profits in 2011, with Japan's economy suffering following the March 11 earthquake and tsunami.
"I think orders will drop about 10% to 15% this year from 2010," said Kitty Huan, general manager of Shanghai Hebo Industry & Trade, whose major clients include high-end Japanese fashion houses Onward Kashiyama and World. "We are actually lucky because our clients are in Tokyo and Osaka [not the devastated north], so orders are ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.