Higher-value exporters survive turmoil in market
By He Wei and Qiu Quanlin in Guangzhou | China Daily | Updated: 2014-04-16 07:06
Weak demand and fluctuations in exchange rate hurt manufacturers
Higher-value Chinese exporters are more immune than low-cost manufacturers in the face of market turmoil from such things as weak demand, exchange-rate fluctuations and rising costs, said exhibitors at the Canton Fair that opened on Tuesday.
Shenzhen-based Yekalon Industry Inc, an exporter of home decoration goods to more than 200 clients, saw sales rise 20 percent in the first quarter, Vice-President Wang Lili said. That goes against China's national trade figures last week that showed imports and exports declining.
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