Date: 20th Jun. 2023
In the first 6 months of this year, China’s exports in the previous six months were significantly lower than in the same period last year due to the slump in global spending power, meaning that China’s domestic production declined. This also has a certain impact on us. This year, most of our customers are trying to reduce the number of items in stock, the number of new orders has dropped significantly, and our company is also in a situation of workload shortage due to a decrease in export orders. Since mid-June, we have received new orders one after another, and export volumes are showing signs of recovery. In the first half of this year, all customers only arranged orders for the next month, and from June, some customers began to arrange orders for August or September. This is a good signal, but how long will this good situation last? We don’t know. Doing our best to make every order well and maintain customer trust, this is what we can do now…
