Zhejiang Private Shoe Enterprises Face Development Bottleneck

As in previous years, Zhejiang was extremely hot in August, but for most small and medium enterprises, the "severe winter" is still continuing.

Since the end of 2007, there has been a continuous wave of "collapse tide" in enterprises. Enterprises in Guangdong, Shanghai, Jiangsu, Zhejiang and other places have been staged due to the sudden closure of business operations.

"This year, I am afraid, is the most difficult year for China's economy."

At the beginning of the "two sessions", Premier Wen Jiabao said frankly.

As a large province of private enterprises, under the pressure of a series of pressures, many small and medium enterprises in Zhejiang are facing unprecedented development bottlenecks.

At present, the fallen enterprises are very painful, and the enterprises that are still insisting must bear greater pain.

Is it the natural law of survival of the fittest or the "environmental pollution" caused by domestic and foreign factors?

When they are at stake, can they survive the disaster?

The small and medium-sized enterprises who have fallen down and persist still need an answer.

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What's the matter with Qiu Jibao? Since summer, this name has been repeated again and again.

No one could have foreseen that the situation that first fell into the crisis of the capital chain would take place in the famous "sewing machine" King leap Group.

From January 2008 to April, this private enterprise, once ranked first in the top 50 of the brand competitiveness of Chinese manufacturing enterprises, was greatly reduced by the US subprime crisis, China's textile industry and export shrinkage, and the total export volume was only 18 million 480 thousand US dollars, down 44% from last year.

At the same time, the leap is also deeply in the crisis of the capital chain.

With the tightening of money and sluggish business, 1 billion 800 million of the loans owed to the bank are incapable of repayment.

Because it is difficult to obtain new loans, and then began to turn to private credit to find working capital, a related person disclosed that the funds borrowed by enterprises in Ningbo were up to hundreds of millions of yuan.

Subsequently, because of the inability to repay the interest of private borrowers, the borrowers were forced to ask for help from the local government.

Here, in the face of "why not others fall" doubts, helpless Qiu Jibao had to admit, "there are reasons for the enterprise's own management".

The fact is that, after years of development, the management has never introduced professional managers or external management personnel, and this family management has not played its advantages in many family businesses.

A typical example is that a spare part of the sewing machine factory, which does not allow the purchase of 7 yuan, will go into the market at a high price of 22 yuan.

In order to expand the international market, the bigger the "stalls" overseas, the higher the cost crisis.

In recent years, enterprises have invested a lot of manpower and material resources in the formation of overseas companies, and have set up 18 branches in the United States, Miami, Losangeles and Europe. Because Qiu Jibao has always emphasized the localization of talents, the recruitment of local employees is the main factor, which has resulted in a significant increase in human cost.

Accompanied by the continuous expansion of the past few years, joint-stock commercial banks have provided generous blood pfusion for enterprises.

In fact, most joint-stock commercial banks do not have branches in Taizhou, and little is known about the real operation of the leap.

Once a bank has made a leap in lending, other banks will follow suit. In the end, it is faster than anyone who escapes.

How to save the leap?

In the past few months, this is a difficult question discussed by the local government.

However, Qiu Jibao and leaps are lucky. Their hope of rebirth can be tied to the help of the local government. However, the fate of the more difficult enterprises is still inevitable.

Predicament

"The one or two day of payment is not terrible. The key is to lose the ability to pay and turn it into a bad account."

Chen Jinlin is the head of an electronics company in Hangzhou. Speaking of recent developments, the boss, who has been doing relay business for more than ten years, complains repeatedly. "Since the first half of this year, the payments of several US customers have been dragging on, and now even people can't get in touch with them."

Chen Jinlin's company is not large in the West and the foot of Hangzhou, but its sales have been good.

In his impression, the phenomenon of arrears of payment occurred occasionally in the past, but never as fierce as last year and this year.

"Tightening money has tightened the chain of enterprise funds, raised the financial cost of enterprises, continuously increased the prices of raw materials, increased the RMB appreciation and increased the operating costs of enterprises. In addition to the subprime crisis, we have been afraid to take orders, especially the list of American businessmen."

Just as Chen Jinlin was struggling to pay for the goods, the China Export and Credit Insurance Corp Zhejiang branch also received reports from several foreign trade enterprises in the province, including two mechanical and electrical enterprises in Taizhou, which had a total of $3 million 150 thousand in export receivables.

According to the statistics of China Export and Credit Insurance Corp Zhejiang branch, the number of reported losses reached 112 in the first quarter, involving an amount of US $22 million, an increase of more than two times over the same period last year.

Among them, 4 cases of large losses reported over US $1 million amounted to 8 million 950 thousand US dollars, compared with 1 reported in the same period last year.

This is the first time since the establishment of China credit insurance Zhejiang branch in 2002, the sudden increase in reported cases has occurred.

What is more noteworthy is that in the first 2 months of this year, Zhejiang fell 4 billion 530 million against the US $4 billion 530 million in imports and exports in the first two months of this year, the first decline in 11 years after Zhejiang's 3.5% decline in foreign trade in the United States in the first 4 billion 530 million months of this year.