The 108th Canton Trade Fair will arrive on October 15, 2010, but many shoemakers have shown their low confidence to the upcoming trade fair, previously they tried their best to receive more orders on the trade fair, but right now they will be cautiously on signing the contracts because of RMB fluctuation. Many foreign trade shoe producers said their profits almost narrowed to zero as appreciation of yuan.
Applicants for this edition trade fair reduced to 98,000 from previous 115,000, according to the figure released by organizer.
This time we go to trade fair for meeting our old clients not for receiving more orders as we have enough for our production, the rising of yuan in September and materials price have offset our profits, said foreign trade director Ai Hanqiang in Zhuosen Footwear in Wenzhou. Many small scale enterprises in China like us face the same problem currently, Ai added.
