On the 8th, Huang Yanxiang, general manager of Taiwan Jinghua Industry Co., Ltd., said in an interview that the Sino-US trade war had little impact on Taiwan’s textile industry. It was originally expected that orders from Southeast Asia would increase, and the actual market did not expand. The orders delayed or cancelled by Europe and the United States indirectly affected Taiwan’s textile industry. Jinghua’s performance dropped by 40%, and most of Taiwan’s textile companies’ performance were unsatisfactory. It is estimated that it will be the end of next year if it is to return to normal.
Huang Yanxiang said that a 40% performance decline has no direct and inevitable relationship with the Sino-US trade war. It is mainly due to the global apparel market demand. The total demand is small, and the textile industry is naturally affected.