The economic downturn has had a serious impact on shoemakers in Wenzhou, China. However, it seems there may be light at the end of the tunnel for some.

According to the Lucheng Footwear Association, based in the shoemaking hub, claims that, of its 402 members, 254 companies are producing as normal, while 112 members have been forced to close and 36 have temperately suspended operations. The main reasons for this are general economic conditions and the closure of an important footwear market in Moscow, Russia. Other problems such as difficulty in obtaining credit and general pessimism among retailers and consumers have also taken their toll.

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