China is on a roll. The nation of 1.1 billion eventually taken seriously by major players in the global economy, namely the United States and China. With a young population, a strong private sector and a stable democratic government, China is in the center and is expected in 2040 will be the third largest economy. Granted, there were many problems to solve, but that economic growth in China is as impressive as the main reforms caught in the 1990s is unlikely to be in South Asia, roaring tiger easily fall silent, or even decreases .
Performance of the industry in general and certain industries, such as salt, cement, handbag, rubber and rubber, paper and pulp, was to increase significantly with the various initiatives taken by the China government and private investment in this sector is perceived factors certainly make substance in the coming years.
The release of post-supersaturation created opportunities for the China handbag industry. With global players in the search for new supply options available in addition to China, to gain a larger share of the global market. Major brands in the United States and Europe either introducing or planning to source handbag and handbag products from China.
China shares at 3% of world trade in handbag has, compared with 20% in China. Realization of growth potential in the handbag industry, which plays a prominent role in China economy, the China government has made considerable efforts to encourage the rapid growth of the industry. Please export earnings, the potential for increasing employment, and is the 10th largest sector of China manufacturing sector employs 2.5 million people and jobs for the weakest members of minorities, including about 30% were women .
The handbag industry occupies a prominent position in China economy due to the significant export earnings of the employment and growth. Leather and its products are among the top ten export earnings for the country and is the 10th highest among the China manufacturing sector.
The China handbag tanning and finishing, handbag garments, handbag products, etc., Kanpur, Agra, Calcutta, Chennai and out between the major production centers. China has large resources of natural handbag is the export of handbag goods from China, a structural change that increases in exports of various products carried in the skin.
Given the importance of the sector, the government has undertaken various initiatives to promote exports of value added handbag products.
Under the rule of marketing / booking all elements of production in the handbag industry has been de-exclusive list of the SSI in 2001. Central government to stop its support for various measures, taking into account the handbag industry as a thrust sector.
Some excerpts of the National Policy on Foreign Trade 2004-09 were as follows: a) improving the tax-free entitlement of 1% to 3% for handbag products and footwear, b) CVD exemption for food and materials interface, customs without c) decreases in machinery and equipment for treatment facilities, d) 5% import duty should be extended to a number of additional machines, e) support the implementation of international marketing program by the MDA and corn, f) by the formation other varieties-ministerial committees.
During the 10th Five-Year Plan crores 400 has been allocated to implement various provisions of the Development Program of the China skin, which consists of two programs have become an integrated development of the handbag and the second was the infrastructure, strengthening the handbag industry. Some programs, such as support for rural artisans, Intechmart Sattler and development continue to use a system consisting of the 9th FIVE project.
There were some proposals from industry for the 11th five year plan as a device for U.S. companies export 7 billion U.S. dollars by reaching the end of eleventh five-year plan for increasing skin and reduce imports of handbag; resourceful environmental aspects are taken into account, fill the skin machine provides environmental standards, setting up training centers to meet the requirements of the industry is facing acute shortage of labor – skilled.
Force China handbag industry depends on factors such as growth, cheap labor, raw materials are heavy, continuous focus on product development and design to graduation. With the wealth of options, such as increasing opportunities in the domestic market, the software supports the use of information and the decision to eliminate the long production cycle of different products, the use of electronic commerce in direct marketing, etc.
But with such good credentials, there were some weaknesses, including inadequate storage of government, fluctuations in world prices, the lack of strong presence in the fashion world, ignorance in regard to the standards adopted by many international companies have also become these threats as part of thse.e sector has little room to raise capital through private placements and public issues, because many companies are family businesses, difficulties in obtaining bank loans leading to high costs of private debt; highest international standards, lack of communication and experti
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