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Affected By Financial Hurricane, Anhui Garment Industry Is Affected.

2008/11/8 9:16:00 22

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"Since late October, we obviously feel that the impact of the financial turmoil is even more intense. Last week, we specifically reviewed the export letters of credit, and there was an open bank that was annexed to the bank. Fortunately, it was not closed down. Our business will not be affected."

On the morning of November 5th, Bao Chuanping, chief economist of the Anhui Chinese international economic and trade Limited by Share Ltd (hereinafter referred to as "Chinese language international"), told reporters that Chinese International has completed the task set at the beginning of this year, but the depression of the whole foreign trade industry still made her feel the cold wind blowing.

Starting from last year's US subprime mortgage crisis, and then to the other side of the Atlantic, the financial crisis triggered a global economic storm. Since late October, Anhui enterprises, which are increasingly far away from exports, have also been greatly affected: part of the processing enterprises are in a semi stop production line, and some enterprises only have 3 days a week.

現狀：訂單嚴重縮水

"In April this year's spring fair, we have statistics that some enterprises' orders have decreased by 2/3 compared with previous years."

In mid October, during an interview with reporters, Jia Mingfei, deputy director of the Department of fiscal affairs of the Provincial Department of Commerce, said.

In November 5th, Bao Chuanping told reporters that when attending the Canton Fair this year, merchants feel less than 1/3 in previous years.

Nowadays, enterprises are careful to place orders and pay more attention to the payment strength of merchants.

"After the arrival of the goods, the payment period has been extended from 10 days to 15~20 days."

In November 4th, Gu Gongxin, executive deputy general manager of Anhui Tea Import and Export Co., Ltd., said that the most influential products were high value-added products, luxury products, high-tech products, and many other agricultural products including tea.

"Our tea is mainly targeted at the markets in Africa and Central Asia, and this is also one of the reasons for the small impact."

"On the one hand, we can not find new orders. On the other hand, we dare not take over some new customers."

Li Yiwei, the clothing department of Anhui Minmetals Import & Export Co., Ltd., told reporters that at present, he is handling old customers, and new customers are not too keen to contact.

"After going through the first half of the year, the price of raw materials has started to drop, and the raw materials have begun to fall. The enterprises that originally hoarded raw materials have suffered losses. This has also strengthened the wait-and-see sentiment of the market, and people are not ready to place the order."

Bao Chuanping said.

A data from reporters showed that since May of this year, the growth rate of export delivery value of Anhui province has been decreasing month by month. The growth rate from 5 to September this year was 46.7%, 33.3%, 19% and 15.4%, respectively.

It is reported that Wuhu county has self export right of 88 enterprises, this year, only 7 self-employed achievements, accounting for only 8% of the total number of enterprises.

It's only data that has made people feel chill.

損失：服裝成重災區

In this storm, the clothing and textile industry has become a major disaster area, and the "made in China" which has been in the downstream of the garment export industry chain has its own unspeakable pain.

Let's look at a set of numbers again. Fanchang County, Wuhu is famous for its garment processing. This year, we also see the predicament they face.

Fanchang County, 138 clothing enterprises, 36 households incurred losses, accounting for 26% of the total number of enterprises, the one or two quarter of this year, the County garment industry monthly loss of about 1 million 300 thousand, three, fourth quarter loss will be further increased, estimated to be more than 1 million 600 thousand yuan a month.

A garment processing enterprise specializing in exporting to the United States is facing a crisis of closure. The head of the company told reporters that from last year, the export orders for the US have dropped sharply, with slow orders, small amounts and difficult bargaining.

In addition, the payment ability of American customers is starting to go wrong, and the trade disputes which are delayed by payment and quality and delivery time are increased, and some small customers are in arrears.

Manufacturing industry is also facing different difficulties.

Hefei's forging and stamping significantly abolished export profit or loss orders, and production growth dropped from 95% in the first half to 35.8%.

Enterprises such as MeiLing fridge declined production due to the substantial cancellation of no profit or loss orders.

Hongyu company, the largest export earning company in Wuwei County, completed export delivery value of 76 million 710 thousand yuan in the first half of this year, down 23% compared with the same period last year, and its profit fell 28% year-on-year.

Less overtime and more vacation, this is the biggest feeling of many workers this year.

It is understood that due to product sales difficulties, Chuzhou Jianghuai Yang Tian Motor Company's 1/3 workers have been rotations and vacations since August.

Chuzhou Hengtong rubber and plastic products company began to leave most workers in August.

原因：人民幣升值首當其沖

Analysis of the cause of the disaster, Bao Chuanping said: "the appreciation of the renminbi is the first to bear the brunt."

Many enterprises began to lose money when they took orders.

Data show that in the past three years, the cumulative increase in the RMB against the US dollar has exceeded 21%.

People concerned in the economic and Trade Bureau of the economic and Trade Commission of the provincial economic and Trade Commission analyzed that RMB appreciation will increase by 1%, the export cost of enterprises will increase by 4.2%, and the profit margins of cotton textile, wool textile and garment industry will decrease by 3.19% and 2. respectively.