HONG KONG — The rising buying power of Chinese consumers and a corresponding drop-off in European demand was readily apparent at the latest Interstoff Asia fabric fair.
Suppliers at the show, who were mostly from China, noted a surge in domestic Chinese buyers over the last two years. At the same time, order sizes from American and particularly European buyers have become smaller and less frequent, they said.
“Exports have not been good for the last two years,” said Tracy Yin, senior merchandiser at Hansun Textile Printing Co., a specialist in ink-jet-printed fabrics. “Domestic sales have been much better.”
About 60 percent of sales are now domestic while 40 percent are exports, she said. That’s a reversal from two years ago when the majority of sales were from exports. Order sizes from foreign, particularly European, clients have gotten considerably smaller, she noted, with many buying less than 300 meters and many sales remain “pending” for a long time. American buyers have been more stable, she said.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)