Yiwu socks farewell wild times
Yiwu socks farewell wild times
Each year 50 billion pairs of socks from a small town in central Zhejiang Yiwu flows around the world. Here Yiwu sock mills boss chose a different road conditions and different.
Local villagers Fengzhongbin since the late 1970s began production of socks, but so far he is still in the sock on the train selling; Others in the mid-1990s before business owners, but through the purchase of the most advanced machines, finance and build brands among the world’s largest sock mills list.
Splitting sock mills in Yiwu, Yu showing in the global competition and changes in the trading environment, under pressure from China’s labor-intensive industries are making difficult choices.
Packed in the knitting market in Yiwu, dressed in suits and dress shoes Seabee licensing Fengzhongbin sitting in the one of the stalls before the intention was to be frivolous. His production of “rings” part of the licensing socks now in the face of the plastic sheeting, are part by the salesman carried on the train selling.
Fengzhongbin Yiwu is the first production of socks one of the villagers, but not the most successful local sock mills boss. He depressed state to sit there and listen to his stall next to the boss for doing so : “The earth, it is inseparable from the people, why is sold?”
He is a city where people have been known as “China Hosiery Town,” with the country’s largest sock market. The Chinese market every 10 pairs of socks out of four double from Yiwu. The world’s five largest sock mills are here, where 1,431 socks manufacturing enterprises with an annual five billion pairs of socks, magazines, which exports more than half.
Despite this amazing production, but the sock mills were here the situation is different, especially after 2004. That year by the end of October, the United States from China of cotton, wool and man-made fiber socks a three-year limit. Released in the United States at that time the Chinese socks exports to the United States total, 60% of Zhejiang, Yiwu socks accounted for 30% more. Less than half a year ahead of Chinese socks spent all quotas, out at the other side of the ocean outside the customs.
Since then, many sock mills started a “return trip”, the domestic market has intensified competition. Yiwu Hosiery and the trend has become more apparent split.
Products related: Socks & Stockings