Home >

The Failure Of Some Smes Stems From The Adjustment Of Export Structure.

2008/8/28 11:38:00 19

??? 日本語 Fran?ais English 中文

Small And Medium-Sized Enterprises Structural Adjustment National Policy

In the first half of the year, more than 6.7 small and medium-sized enterprises went bankrupt in the first half of the year. Zuo Xiaolei said that the failure of SMEs was not due to tight funds caused by the credit crunch, but because of the changes in national policies, the product structure of enterprises did not keep up with the adjustment and lost the competitiveness of enterprises.

According to the analysis report of the national development and Reform Commission, under the influence of the slowdown of the international economic situation and the adjustment of the domestic macroeconomic regulation and control, a considerable part of the small and medium-sized enterprises in 2008 were faced with difficulties in breaking up the capital chain. In the first half of 2008, the growth rate of the industrial added value of nearly 1/10 of the small and medium-sized enterprises in China was close to 30%, representing a decrease of 15% compared with the same period last year.

In the first half of the year, more than 6.7 small and medium-sized enterprises went bankrupt, of which more than more than 10 thousand small and medium-sized enterprises in the textile industry went bankrupt, and 2/3 of the textile small and medium-sized enterprises were facing adjustment.

Wen Zongyu, director of the Finance Department of the Ministry of finance, said that 6.7 or so small businesses were bankrupt.

Because from the past 5 to 10 years in China, every year, close to 5% to 10% of small and medium-sized enterprises are closing down. If the number of small and medium-sized enterprises is 1 million 400 thousand, 6.7 may be about 8.5%.

Zuo Xiaolei, chief economist of galaxy securities, told Shihua financial news that the failure of SMEs is not a result of capital problems, but a result of the adjustment of export industries.

China's past trade surplus is too large. At present, a series of large combination policies, such as the changes in export tax rebates, the increase of labor costs, the environmental costs and social costs of enterprises, the RMB appreciation and so on, are aimed at adjusting the structure of export industries, and the results of domestic adjustment of these policies are expected.

Zuo Xiaolei pointed out that changes in these policies have shown that the cost structure of enterprises in the early stage is distorted.

In the past thirty years of reform and opening up, the government has given preferential policies to enterprises in related industries. However, this kind of artificially controlled low-cost export enterprises are non marketable and uncompetitive.

After a series of combination policies, those enterprises lacking core competitiveness will greatly reduce their marginal revenue under the pressure of cost, and survival will naturally be tested.

Now the adjustment of the export industry is still in a reasonable scope. Zuo Xiaolei believes that China is a developing country with a comparative advantage in labour force endowments. Therefore, it is impossible to promote labor-intensive enterprises as capital intensive enterprises as well as other developed countries.

Therefore, in this round of adjustment, China needs to have its own indicators to measure whether it is in place, rather than stop the adjustment when the appeal of enterprises that have lost their viability.

Now, we should take environmental pollution and energy consumption as important considerations, and let enterprises with small marginal profits and large energy consumption exits. If the structural adjustment is stopped now, if the future problems become more cumulative, the injury will be greater. The enterprises that may be closed down will not be 10% or 20%.

Therefore, the government should take rational measures to adjust the industrial structure actively.