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The Collapse Of Zhejiang Brought Disaster To Large Private Enterprises.

2008/12/27 10:31:00 18

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The core tip: "the thirtieth cold and hot summer of reform and opening up, Zhejiang's economy has ushered in the most difficult year."

The latest issue of the Zhejiang economy is written in volume first.

The Zhejiang economy is an economic magazine sponsored by the Zhejiang provincial development and Reform Commission.

Although Zhejiang's taboo "rumours of bankruptcy of private enterprises" have gradually become calm after official clarification, the news of the collapse of enterprises is still frequent.

At the beginning of December, Shaoxing large textile enterprise vertical and horizontal holding group was in financial crisis due to insolvency, and became a new case of Zhejiang private enterprise collapse.

The main difficulty of the micro economy is that Zhejiang is facing "the worst moment".

Analysis of authoritative authorities in the province showed that in the first quarter, the first half and the first three quarters of this year, Zhejiang's GDP growth slowed down by 2.8, 3.3 and 4.1 percentage points year-on-year, showing a trend of quarterly decline. It is expected that the growth rate of the four quarter will still slow down, and the growth of the whole year will probably fall below 11%. "This is the largest downlink adjustment since 1999, and Zhejiang's economy is approaching the biggest challenge in ten years."

Moreover, this is just the beginning.

Experts predict that with the cycle theory, Zhejiang's economic growth rate has not yet reached the bottom.

It may take 2-3 years to adjust the economy, Li Zhihai, director of the provincial development and Reform Commission, said in his work paper.

Entrepreneurs in Zhejiang will also receive unprecedented market baptism.

　　倒閉危機殃及大型民企

The most impressive impression of Zhejiang's economy in 2008 is that it is not a "business failure".

The difference is that the protagonists in the first half of the year are small and medium-sized enterprises with poor risk tolerance. In the second half of this year, with the continuous deterioration of the economic situation, they have become large private enterprises and the bulk is becoming larger.

Yuan Bairen, a wealthy Shaoxing, is still under surveillance.

More than half a month ago, he took charge of the capital chain of vertical and horizontal holdings.

Preliminary verification by relevant departments shows that the company has lost money at least 2 billion -30 billion yuan.

Founded in 1995, the vertical and horizontal group is a leading textile enterprise in Shaoxing. In 2007, the main business income of the industry reached 8 billion 705 million yuan.

In October of this year, Yuan Bairen, the 43 year old chairman, also ranked first in the 7 billion place in the Hu Run rich list, ranking seventy-sixth.

In the twinkling of an eye, from the top of fortune Pyramid to the bottom of the tower, the taste is not only Yuan Bairen's taste.

In fact, at the beginning of the year when the small and medium-sized enterprises went bankrupt, in the middle of the year, large private enterprises fell into a desperate situation and began to show signs in Zhejiang, and from the September intensive outbreak.

By the end of May, Taizhou's benchmark private enterprise Leapfrog Group was suddenly exposed to the "capital chain break". Qiu Jibao, founder and head of the company, was in a predicament and decided to file a bankruptcy petition to the government.

In July, Yiwu star enterprise and its total assets of more than 1 billion yuan were broken up by capital chain, and Zhang Zhengjian, chairman of the company, fled overseas.

In September, between the front and rear legs, Zhejiang Hualian three Xin Petrochemical Co. Ltd. and Zhejiang Jiang long Holding Group Co., Ltd. were cut off due to strand breaks.

The bankruptcy crisis has been extended to large enterprises, which can be corroborated by official data.

According to the statistics of Zhejiang Provincial Bureau of statistics, the loss of small enterprises increased by 50.3% in 1-8 months, 8.4 percentage points higher than the first half of the year, and the losses of large and medium-sized industrial enterprises increased by 2.4 times, 1.5 times higher than the first half of the year. In September, 1362 enterprises of above scale enterprises in the state of discontinued production, 402 more than those in June, accounting for 2.6% of all enterprises above designated size.

But judging from this, it is not recognized by Zhejiang authorities that Zhejiang's large enterprises are experiencing "collapse tide".

In the middle of last month, Lv Zushan, governor of Hunan Province, was used to refute the "collapse tide" when he was interviewed by the Internet.

"There are a lot of enterprises operating at present, but there is not a large number of failures. I have different views," he said.

Of course, it is estimated that this figure will be expanded over a period of time, but it is not what the media say is "the collapse of business in Zhejiang".

Zhejiang is sensitive to the "collapse tide". Zhou Dewen, President of Wenzhou SME Development Association, has the most experience.

In March of this year, the spokesman for the "Wenzhou model" said in an interview with the media: "there are more than 30 SMEs in Wenzhou, and about 20% of the enterprises are in stoppage or semi shutdown."

Subsequently, the "stop or half stop" state in Zhoukou was quickly replaced by "bankruptcy" in the dissemination, which attracted the attention of all parties. So Wenzhou officials came to clarify: "the failure of enterprise 20%" is not true.

Zhou Dewen, who was under pressure, sent an e-mail to all media demanding interviews, saying he would not accept any interviews on the matter.

"Downtime", "half stoppage" and "bankruptcy" seem more like a word game, but it is an indisputable fact that Zhejiang enterprises are facing unprecedented difficulties.

Statistics show that the monthly increase of industrial added value of above scale industries in Zhejiang has dropped from 14.9% in March to 7, 8 and 9.8%, 6.1% and 6.4% in September. The growth rate is the lowest in 10 years. In the first three quarters, the growth of industrial electricity consumption in Guangdong Province was 8%, an increase of 10 percentage points over the same period, a decrease of 1.1 percentage points over the first half of the year, and the increase was also the lowest in recent years.

　　“最沮喪”的群體

With the economic downturn, the confidence index of entrepreneurs in Zhejiang has gradually dropped to the bottom.

"Now is not the time to invest, the macro environment is very risky, and it is not allowed to be allowed," Zhu Jie min, chairman of Taizhou Jiao Guang group, told a financial weekly reporter. "Money is the most secure in pocket. Now it is survival, not script src=>.