Sinolink Securities Co., Ltd. analyst Zhang Bin told the PHOENIX reporter that the ending of EU shoe anti-dumping duty could be a piece of good news but hard to say no more other measures will be taken to restrict the shoe imports. The European Confederation of the Footwear Industry has decided not to pursue the expiry review in Footwear AD against China and Vietnam, but EU Commission has promise to take higher alert to monitor the imports of shoes from China and Vietnam.
After five years combating Chinese shoe exporters are not as exciting as expected when they heard about the news, because the peak of exports has gone for current Chinese shoemaking industry, and production costs increasing and economic recession weaken their competitiveness.
The director of public department in Stella International said under the current situation Chinese shoemakers should make high value-added products and create brand products as cheaper labor advantage is gradually losing, but he believed Chinese manufacturing power is still remain, consumers in EU are still there, they need outsource, they need Chinese shoes.
Chinese enterprises have more opportunities in high-end market and internal market. Of course some low-end market definitely may transfers to Southeast Asia countries.
