Affected by multiple factors such as adjustment of China's foreign trade policy, decline in external demand, the appreciation of Renminbi and continuous rise in raw materials price, apparel exports in Guangdong has been droping since the beginning of the year. According to the latest statistics from Guangzhou Customs, export of apparels and clothing accessories for four months from January to April was 6.65 billion U.S. dollars, down 15.1% compared to the same period of last year, which also shows a sharp fall compared to the growth rate of 31.2% in the same period of last year. The worst-hit ones are private owned enterprises, whose total exports dropped 36%.
