(22-06-2012, 05:29 PM)CityFarmer Wrote: (22-06-2012, 05:21 PM)sgmystique Wrote: I'm sorry but I cannot read Mandarin. Can anybody help translate the article or atleast the relevant parts...
(22-06-2012, 05:05 PM)CityFarmer Wrote: I am not familiar with the stock, but I saw an article in zaobao
http://www.zaobao.com.sg/cz/cz120622_002.shtml
Is it due to the news?
中国库存服装三年也卖不完
The current china inventory for garment can last more than 3 years of sale
I hope my translation work 
If you use Google Chrome as the browser, there's a tool bar which'll appear that allows you to do a translation to English. Not perfect but you should be able to get the gist of the content. I reproduce below (refer to 'CityFarmer' translation for the header as it's a lot more accurate),
Chinese stocks clothing purchase large amounts over three years
(AP) According to Chinese media quoted industry sources said, if the current national inventory of clothing Nachulaimai, three years might purchase large amounts, we can see that the Chinese apparel industry is currently facing high pressure on the stock of the status quo.
Moreover, some caught in the maelstrom of high inventories of enterprise funds strand breaks elevated risk, leading to market concerns about their ability to operate even questioned.
Insiders pointed out that the economic downturn situation, the slow down of inventory turnover, and both occupy the operations of liquidity has led to the enterprise can not update the product, but not new there is no way to attract more customers, our business would decline in serious , thus exacerbating the cash flow difficulties, and even ultimately resulting in the dire straits of the entire business.
Shanghai's Wen Wei Po "reported the large-scale garment enterprises listed on, or some small and medium enterprises in order to digest the inventory, have been offering discount promotions.
European debt crisis dragged down
Shanghai Insiders also revealed that the two years, Shanghai shopping malls and apparel export markets dragged down by the European debt crisis, reduced orders, and turn to commence in the domestic market promotion, digest inventory.
In the current high inventory, the report said, experts pointed out that the apparel business promotion none other can only be an emergency. The long run, enhance product innovation and design, reducing the homogenization, the establishment of a sophisticated inventory control process, in order to enable enterprises to sell one to earn a "rather than" buy one get one free ".
The report quoted Bo cover consulting, Managing Director of Janus, inventory is a common problem of garment enterprises, "the industry to see who can make money, to see who stocks cleaner."
In addition, the inventory is the most serious sports and leisure apparel companies, especially sportswear due to the design and materials selection to be limited, serious homogeneity, the fact that many domestic brand positioning is unclear, constantly weakening of the competitive advantage.
Li Ning recently released data show that the 2012 fourth quarter order, the order number and order of the amount of apparel products fell more than 20%. The company admitted that, in order to avoid new stock pressure on the retail side, companies take the initiative to communicate with the dealers, control orders arrangements and plans committed to cleaning up the retail end inventory.
Tintin discount network message, the Chinese garment industry pressure on the stock for six months before gradually taken shape. Some enterprises of the public reported a surge in inventory value. As of September 30, 2011, for example, Metersbonwe amount of inventories as high as 2.982 billion yuan (RMB, same below about 595 million dollars), accounting for the proportion of net assets of more than 83%; as of June 30, 2011 the Xtep the amount of inventories of 887 million yuan, an increase of about 92%. Li Ning Company in the amount of inventories in the first half of 2011 to 992 million yuan, Previously, the amount of inventory at the end of 2010 only 806 million yuan.
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