One Person’s Opinion on how to Cure the China Blues

By Paul Pannone

The war on wedding websites, knock-offs and thievery rages on attracting the attention of busy business owners keeping one eye on the story and the other on cash registers. A growing number of eWedNewz readers following the story say they’re finding us on all Social Media sources sharing the newZ, re-tweeting and generally discussing the situation.

 

Growing fears say we owe our Chinese partners too much money to find a reasonable solution and fight off the their growing impact on American business.

 

Everyone is aware of the problem, many discuss the troubles but few are willing to offer their opinion for possible solutions to the issues. Even then, most of the discussions are private saying the troubles are insurmountable; mired by a government frozen and powerless against a foe (faux partner) we owe too much money.

Christina DiBlase, owner of A. Bridal Co. & formal in New Jersey gives her opinion of what can be done to help the situation.

“My basic thoughts are to solving the problem is:

1. Get pictures, prices and style #s off the designer website so China can not copy designs;

2. Since real estate is ample and interest rates are low in the States right now, vendors should consider buying large warehouses that are currently empty or buying property and building warehouses to help put American workers back to work.

Obviously the American workers will want a higher wage but isn’t that what China is starting to require now? So even if it may cost the vendor a bit more to offer a good salary they can now proudly offer a quality American made product. The product may cost more but that will mean that the bride will have to be more diligent with her finances or seek out another job if she wants the extras.

Not only that but it will teach our people the basic skills of working with your hands that many have never been taught. We are all so techy, but many of us can’t hem a pair of pants,” she says.

 

Currently an overwhelming majority of response to an ongoing eWedNewz poll says it matters where products are made or would buy American products, if they were made here in the United States.

eWedNewz welcomes your thoughts and invites you to take the poll.

 

eWedNewz

All Rights Reserved

2012

The Knot Goes Global trying to get Asian Women to spend like Americans

By Paul Pannone

East meets West on the Knot’s new international website where the marriage maker is trying to get the wedding bug to bite asian women planning wedding. And why not? The American wedding market is at a near standstill.

 

 The Knot’s move to China and capitalizing on the growing market is one of the smartest moves we’ve seen in the wedding business. Total dependency on the American market is what’s killing most wedding companies, as the number of formal weddings and spending decline. 

 

According to International Business Wiki 

  • There are roughly 10 million weddings yearly.
  • China’s bridal industry produces more than 250 billion Yuan ($34.5 billion) yearly.
  • Total monetary expending resulting from marriage every year has risen to CNY250 billion

At a glance the rising interest and spending in China is a far cry from the sputtering American market. Companies like the Knot, now dubbed the XO Group, have taken flight to other parts of the world looking for growth potential from countries that look to the western culture and lavish ways of spending their money.

In a recent New York Times story China chastises the United States overspending and going into debt saying it must cure its addiction.

China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt.

eWNz is confirming how the Chinese culture and booming economy views America as yesterday’s news. Significant apparel manufacturing sources say emerging chinese cities and the way people live makes us look like we’re standing still.

“They’re driving up prices on raw materials and they’re taking care of the manufacturing needs of their own people before they’re considering our orders over here. It’s getting more and more difficult to get production time in their factories and that will lead to higher prices,” say sources.

Current statements by eWNz sources resonate reports from trips taken earlier this year by others. Steve Lang of Mon Cheri gave his account of what will happen with China, openly telling his customer’s lead times will increase, service and quality will decrease and prices will rise.

 

 

eWedNewz

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2011