China faces low demands from European markets this Christmas season

China faces low demands from European markets this Christmas season

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While Christmas is still a couple of months away, Chinese factories are already facing a cold demand from the European market. Usually, it is noticed that orders are placed in late summer or early autumn for Christmas, however this year by the month of September itself Chinese companies felt that the demand from the European markets were going down.

Export powerhouses in Eastern China said that many European companies are not buying Christmas products, and those who are buying products are placing small orders or are asking for lower prices; sometimes even lower than the production cost. China will be officially releasing its trade data for the month of September on October 13, 2012.