The Export Of French Leather Products Increased In 2014

In 2014, the export of French leather products increased by 5%, reaching 8.4 billion euros. Among them, a leather bag Leather products account for 60%, shoes for 28%, and leather raw materials for 9%. 50% of French leather products are exported to Italy In other European countries, more than one-third of leather products are exported to Asia.

At present, France The amount of leather products exported to China is small, but the growth rate is considerable. In 2014, the total amount of leather products exported to China (excluding Hong Kong) was 240 million euros, an increase of 7%.

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In the second half of the year, China's exports to Europe and Japan may rebound. At present, the most important thing to worry about is emerging markets such as Latin America and Africa outside ASEAN. Because these markets are facing structural crises.

In response to a series of measures launched by the government to stabilize foreign trade growth, Mei Xinyu, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, told reporters that China's exports to European and Japanese markets might rebound in the second half of the year.

Mei Xinyu is an optimist in China's foreign trade. Shortly after the 2008 financial crisis, he publicly said that we should not be overly pessimistic about the decline of exports. Until February of this year, he still stressed that the foreign trade data in January should not only look at the surface, but also see a positive trend.

When talking about the foreign trade situation in the second half of this year, Mei Xinyu believed that different markets should be distinguished and observed separately. The government should also take this into account when formulating policies.

"We have seen that exports to the United States and ASEAN have increased in the first four months, exports to the EU and Japan have declined, and exports to emerging markets outside ASEAN have declined," Mei Xinyu said, "But I judge that exports to Europe will pick up in the rest of this year, because the economies of major European economies have recovered, and the EU's quantitative easing measures will also have a positive effect on the stability and recovery of the European economy."

In his view, the economic recovery of major European economies will sooner or later be reflected in the demand for Asian made goods, especially Chinese goods. "After all, the physical improvement of the European labor market is not obvious, and the growth of demand will not be reflected in Europe's own manufacturing industry. However, it will still take some time for demand to pick up."

In Japan, Mei Xinyu analyzed that the decline in exports to Japan was caused by the chain reaction caused by the tax reform implemented in Japan last year, but the impact will be eliminated after a period of time.

On April 1, 2014, after 17 years, the Japanese government directly raised the consumption tax from 5% to 8%. According to the report on May 8 of this year on the Japanese Economic News website, after the implementation of the measure of increasing the consumption tax to 8%, the Japanese consumer psychology tends to be thrifty, and the overall expenditure continues to decrease.

According to the Japanese Economic News, the data released by Japan's Ministry of General Affairs shows that Japan's Engel coefficient averaged 24.3% in 2014, rising to the highest level since 1993. The increase of consumption tax, the reduction of overall spending by Japanese households, and the rise in food prices caused by the depreciation of the yen have all led to the increase of Engel's coefficient.

Mei Xinyu told reporters that compared with the European, American and Japanese markets, the emerging markets outside ASEAN, such as Latin America and Africa, need to be worried most at present. Because these markets are facing structural crises.

"The emerging markets as a whole are in a lasting crisis, and the demand for imported goods will decline, especially in Latin America and Africa. These countries used to make income transfer payments through the export of primary products to lift a large number of domestic people out of poverty. But the current bear market in primary products has put the governments of these countries in financial crisis." He explained that, "In fact, since 2013, the number of poor people in Latin America has not decreased, but has begun to rise. This trend is likely to accelerate this year, which will have a great impact on China's exports."

In terms of measures that the government can take to stabilize foreign trade growth, Mei Xinyu believes that in addition to conventional measures, the "Belt and Road" may be a breakthrough. "We can stabilize our demand by helping to promote the macroeconomic growth of countries along the Belt and Road," he said.