Wenzhou footwear groups 'struggling to make profit'
27/06/2013
"Overseas orders have continued to decline as consumer demand remains severely affected by the slow economic recovery in most European countries," he said.
Orders for leather shoes dropped about 30% in May compared to the same period two years ago.
China’s manufacturing production dropped to a nine-month low in June, according to lender HSBC. The reduction means an accelerated contraction of the country's manufacturing sector, economists said.
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