China will regain its position as a leader in leather
Release time:2023-04-24
As the Lineapelle show gets underway, sellers of raw materials for leather production are finally starting to notice increased demand. After COVID-19, some leather production for export markets was shifted from China to other countries.
The internal demand for leather goods is likely to increase in China's domestic market. But the question is whether the surge at home will be enough to make up for a Chinese leather industry that has lost a sizeable export market.
Market analysts expect demand for leather goods to increase in China's domestic market, as the Chinese government in Beijing is actively encouraging consumption to stimulate production and growth. Growth has been severely affected by severe restrictions imposed for a long time due to covid-19. The Chinese government encourages banks to provide citizens with easy access to affordable credit. This is why, in addition to running on the street, shops are also becoming more active on e-commerce sites.
Experts further believe that if Chinese consumers continue to go on a buying spree with easy credit, as they have been doing, China could regain its lost position in the global leather industry.
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