NEWS
THIS MONTH...
China in crisis
How do Chinese companies survive and develop?
SINCE mid-2008 there have
been some major clues of
market instability in China.
Price increases, labour shortages,
Chinese currency revaluation,
the issue of labour laws in the
Peoples Republic of China.
Need we go on?
Each fact taken on its own
could easily be absorbed… but
Franky Sun: those dealing solely with Dazhi Chang: emphasis on quality
the US are beginning to feel the pinch. control and new products is key.
all together they have certainly
applied pressure on Chinese a good profi t for a Chinese manufacturing bankruptcy, the
manufacturers to varying manufacturer is around fi ve per impact on the Chinese factories
degrees. cent, and, together with interest that deal with US customers is
For a long time, China has payments, the average profi t of a bigger.
Survival of the
been known as ‘the centre of Chinese manufacturing industry “Due to the high oil price, fi ttest
manufacturing’ throughout the is three per cent or so. and the current economic Many of the Chinese
world – mainly due to its low However, if the costs rise, the climate, people have reduced the manufacturing companies are
cost. Now the manufacturing Chinese RMB is revaluated, frequency of going fi shing by having to fi nd their own way out
industry is facing major and the factors above appear, boat in the USA. T_h e request for of the current quagmire – this
challenges. how do Chinese fi shing tackle leisure-sports products has been crisis may yet prove that only the
T_h ough fi shing tackle, as a and outdoor companies balance sharply reduced. fi ttest can survive.
whole, is a small part of China’s themselves in the crisis? “Even though the oil price has Dazhi Chang, general
manufacturing-base when TTW spoke with Franky Sun recently showed some decline, manager of Weihai Mingyang
compared with other industries, from Weihai Gloria Fishing the badly damaged US market Fishing Co, Ltd, found that his
many of its participants are still Tackle Co, Ltd. He told us: still cannot meet the expectation company is now in a better state
feeling the pressure. “T_h ough I have not heard of most of Chinese companies now than ever before. Both its
Under usual circumstances, any stories of fi shing tackle currently.” OEM products and products
German hunting show promising big attendance
ONE of Europe’s biggest hunting Championship and the presence of
and angling exhibitions, Jagd und partner country, the Czech Republic,
Hund, is boasting record numbers of will contribute to the increase in
booking fi gures months before the international signifi cance of the trade
event takes place. fair.”
T_h e exhibition takes place between Some of the exhibitors at the fair
February 3rd and February 8th, 2009 will be off ering angling products,
at Dortmund’s Westfalenhallen in angling holidays, equipment for
Germany and is promising to be fi sheries and ideas and information
a resounding success with a high on nature conservation and
attendance. countryside protection.
Jagd und Hund’s Karolin Heinrigs
Contact

explained: “Jagd und Hund will
once more prove to be a major
Jagd und Hund
attraction for hunters, anglers, dog
Tel: +49 231 12 04 556
and nature-lovers from both home
Fax: +49 231 12 04 724
(Germany) and abroad. Highlights
E-mail: medien@westfalenhallen.de
such as the European Stag Calling
Web: www.westfalenhallen.de
10 TTW | JANUARY 2009
P10-11_TTW_01_News.indd 1P10-11_TTW_01_News.indd 1 17/11/08 1:56:15 pm17/11/08 1:56:15 pm
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