Flocking fabric is a type of textile that has a raised, velvety surface created by applying small fibers or particles to the surface of the material.The process of flocking involves applying an adhesive to the fabric and then sprinkling tiny fibers or particles onto the surface.The fibers or particles are then pressed into the adhesive, creating a soft, velvety texture.
Flocking can be done on a variety of fabrics, including cotton, polyester, and nylon. It is often used in upholstery and home decor items such as curtains and bedding. Flocking fabric comes in a variety of colors and patterns, making it a versatile choice for many different design styles.
One of the benefits of flocking fabric is its durability. The fibers are tightly adhered to the fabric, making it resistant to wear and tear.It is also easy to clean and maintain, as most flocking fabrics can be spot cleaned with a damp cloth.
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In the current context, the global economy is expected to see a gradual recovery in 2010, which brings some improvement in the environment for China's foreign trade. The International Monetary Fund (IMF) forecasts global economic growth of 3.1% for the year, with developed economies growing by 1.3% and emerging and developing countries by 5.1%. Countries have implemented policy measures to stabilize financial markets, leading to reduced risks and a gradual restoration of financing functions. Key indicators like LIBOR/OIS spreads and TED spreads have dropped sharply to pre-crisis levels, reflecting improved confidence among financial institutions. With collective efforts from the international community, major financial institutions have raised substantial funds to provide liquidity support for trade enterprises. This has eased some of the long-standing financing challenges in international trade, creating more favorable conditions for businesses engaged in foreign commerce.
However, despite these positive developments, the global economy still lacks strong momentum for a full recovery. Many underlying issues remain unresolved, making the path of recovery difficult and uncertain. In the short term, international market demand is unlikely to rebound significantly. China’s foreign trade continues to face numerous uncertainties and challenges:
First, the global economy is recovering slowly, and foreign demand is not expected to rise sharply. Major developed economies are running out of room for expansionary fiscal and monetary policies. For example, the U.S. fiscal deficit reached $1.4 trillion in the 2009 fiscal year—3.1 times that of 2008—and the deficit-to-GDP ratio hit 10%, the highest since World War II. Germany and France also saw deficits exceeding 3%, while Japan's reached 9.4%. Interest rates remain at historic lows. Additionally, employment improvements generally lag behind economic recovery, and unemployment rates in major economies may continue to rise. Consumption and investment are struggling to grow independently, and new growth drivers based on technological innovation have yet to emerge. As a result, global demand will not see a sharp rebound in the near future.
Second, major economies are increasingly focusing on self-sufficiency, and trade protectionism is on the rise. As the world economy transitions from recession to recovery, differences in recovery speeds across countries have weakened international cooperation and made policy coordination more challenging. If left unaddressed, this could hinder the global economic recovery. Domestically, major economies are likely to prioritize solving employment and industrial issues, leading to more trade restrictions and protectionist measures. Even if the global economy recovers, international trade is unlikely to rebound strongly. The IMF predicts only a 2.7% growth in global goods trade in 2010, which is below the projected global economic growth rate.
Third, competition in the international market has intensified, putting more pressure on China's exports. Following the financial crisis, developed countries have emphasized reviving manufacturing, and some have signaled plans to reduce trade deficits by boosting exports. Meanwhile, many developing countries have enhanced their export competitiveness, potentially competing for global markets through currency depreciation. This means China faces direct competition in high-end products from developed nations and increasing challenges in traditional competitive sectors from developing countries.
Fourth, international commodity prices may remain volatile at high levels, increasing business risks. As the global economy recovers, demand for resources and energy is expected to rise in 2010. With ultra-low interest rates and loose monetary policies, factors such as speculation and a weaker U.S. dollar could push up commodity prices, raising costs for Chinese import and export activities. If the global recovery encounters setbacks, commodity prices could fluctuate at high levels, increasing operational risks for Chinese companies. Furthermore, under intense international competition, Chinese export products may face pressure to cut prices, squeezing profit margins and weakening the growth momentum of Chinese enterprises.
Despite these challenges, there are still many favorable conditions and positive factors supporting China's foreign trade development.
June 29, 2025