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China : Anti-dumping woes - leather shoe exports decline by 40%

2006-5-9

China : Anti-dumping woes - leather shoe exports decline by 40%

Chinese leather shoes enterprises are under stress as European Union has started imposing anti-dumping duties of 19.4 percent since last month.

Its damaging effects have started leaving a telling effect over Chinese leather shoes export that reduced by 40 percent to region.

Adding further injury is the reducing profits of leather shoes exports which has gone down by 10 percent.

This will all but force Chinese leather shoe industry to target other countries to cut out the losses suffered on this account.

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