Pearl River Delta Textile Enterprise Extends Annual Leave to Improve Environment

Due to the lack of orders for textile companies years ago, procurement has not been significantly enlarged, and many textile companies have limited production and production suspension. In particular, the textile enterprises in the Pearl River Delta, most upstream and downstream enterprises, and dry and dry stops, and even some companies simply stop working early.

Some textile companies fake more than one month in the Spring Festival. Some large-scale listed Hong Kong-owned textile companies have to start construction after the eighth season. Small and medium-sized textile enterprises have to start construction after the holidays, and they must face the issue of missing people.

This year, the European and American economies are still very fragile, and the operating costs of textile companies have skyrocketed. Buyers keep declining prices. Many manufacturers will extend the Lunar New Year holidays and fight again when the environment improves.

Liang Haiguo, chief economist of the Hong Kong Trade Development Council (HKTDC), also believes that due to the failure of the European debt crisis to be completely resolved this year, it will definitely hit the global economy. Therefore, the global economy is still uncertain this year. It is expected that Hong Kong’s export value growth will only be 1% this year. The amount is further reduced by 3%. I believe exporters will have weaker confidence in exports this year, but the situation is still better than in the first quarter of 2009. However, the export performance in the first quarter is not optimistic.

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