The Stone Market in Dubai is Shrinking, Quanzhou Stone Industry should try to hedge(12/2/2009)

The Middle East, it was a small market for import, but this year renowned in Europe, East Asia, market-oriented Quanzhou stone industry, it becomes a new growth point in foreign trade. It is reported that in the first three quarters this year, Nan��an Stone exports to the Middle East region grew by 35%.

Will the sudden outbreak of Dubai's sovereign credit crisis affect the Quanzhou stone business expansion? To industry sources of the Arab culture, living room and the lobby of the building materials used inside and outside the marble decoration, substantially style. That is why almost all the local construction projects, will make use of marble, so a broad market space. "The crises is affecting, the demand for stone products still exists, but the stone export in the Middle East will inevitably be affected." Stone head of a company official said.

During the interview, it is also learned that in recent phase of the Dubai market is very volatile, the market clearly shrinking, prices are also low, it simply can not make money. some Quanzhou enterprises have changed the main export battlefield into Australia, Europe and other markets.

Facing the crisis, how can Quanzhou protect themselves? "The Middle East market, buyers in arrears, and bankruptcy risk of rejection is significantly increased, the risk of becoming China's foreign trade export volume export enterprises are facing the biggest external risk." A foreign trade told the reporter. He suggested that, in addition to attention to the choice of buyers, payment way and other details, the enterprises can also make greater use of export credit insurance, the financial arms of the international movement to avoid the risk of foreign trade. According to reports, export credit insurance is an international movement of export support measures, with the promotion of exports, protection of exchange earnings, facilitating financing, market development role.

(Author Mosaic and Tile, China Leiyuan 12/2/2009)

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