"Tight Environment" Forced The Yangtze River Delta: From "Shop Booth" To "Ladder"
Influenced by a series of factors, such as the weakening of external demand, the rising cost of labor and raw materials, the appreciation of the renminbi, the reduction of export tax rebate rate and the tight monetary policy, the Yangtze River Delta region, which has a high degree of economic exportation, feels the throes first, and the economic growth rate has slowed down obviously, showing a "tight running" trend.
Under the pressure of "tight environment", the Yangtze River Delta "innovates" and speeds up the pace of "climbing ladder".
Tight operation under tight environment
Reporters learned from the relevant departments that in the first half of the year, the economy of Shanghai was generally running smoothly, and the added value of industrial added value above scale increased by more than 12% over the same period. The increase in industrial added value, industrial exports and consumption still showed a "three rise", and the gross regional product is expected to maintain a two digit growth.
However, the economic growth slowed down. Industrial investment in the first half of the year dropped by 7.8% compared with the previous year. The profits of Industrial Enterprises above designated size increased only 4% in the first 5 months, and the growth rate dropped by about 40 percentage points over the same period.
Jiangsu's statistics show that in the first half of the year, the added value of above scale industries in the province increased by more than 720 billion yuan, an increase of 16.4%, an increase of 3.6 percentage points over the same period last year, an increase of 19.8% in the manufacturing industry and an increase of 5.7 percentage points in the same period last year. In the first 5 months, the profit of the above scale enterprises increased by 17.5%, an increase of 38.5 percentage points.
According to the data of Zhejiang economic and Trade Commission, the industrial added value of Enterprises above Designated Size in Zhejiang in the first half of this year increased by 383 billion 670 million yuan, an increase of 12.2%, an increase of 5.5 percentage points over the same period. In the 1-5 months, the profit of enterprises increased by 14.1% over the same period last year, an increase of 17.8 percentage points over the same period.
While the Yangtze River Delta region, which has always been in the forefront of the country, exports increased by 2.3 percentage points in addition to Shanghai's growth rate in 1-5 months, while the total export volume in Jiangsu and Zhejiang provinces dropped by 7.5 and 5.3 percentage points respectively over the same period last year.
Under the resultant force of internal adjustment and external extrusion, enterprises in the Yangtze River Delta region, where the economic quality has always been superior, have also seen the expansion of enterprises' deficit.
In 1-5 months, the loss of Enterprises above Designated Size in Jiangsu increased by 16%, up 1.3 points compared with the same period last year. The deficit increased by 56.5% compared with the same period last year. The losses of Enterprises above Designated Size in Zhejiang reached 1.07, and the deficit reached 19.6%. Meanwhile, the number of new businesses and registered capital fell for the first time in 3 years, and the number of enterprises died was increased considerably.
Three pressures of cost, capital and market
International crude oil and other commodity prices skyrocketing, "high cost" pain, tight monetary policy, export market atrophy, the "three pressures" make many enterprises in the Yangtze River Delta in a difficult position.
Shanghai economic and Trade Commission said that the international energy and raw material prices climbed sharply, which greatly reduced the profit margins of enterprises.
It is estimated that in the first half of the year, the price of coal and iron ore affected the profits of enterprises in the city of 6 billion 400 million yuan and 1 billion 500 million yuan respectively, and the oil price upside down made the refinery lose 5 billion 800 million yuan.
Jiangsu Bureau of Statistics figures show that in the first half of the year, the purchase price of raw materials, fuel and power increased by 16.1% in the first half of the year, and the factory price of industrial products increased by 5.9%. The scissors gap was 10.2 percentage points higher than that in the first quarter, and it was 1 percentage points larger than that in the first quarter.
Tight monetary policy has also tightened business belt.
A survey in Wuxi, Jiangsu province showed that the new loans of major commercial banks in the first half of this year were less than 70% of the same period last year. From 1 to May, the proportion of credit to banks in the credit market amounted to only 39.5%, of which the increments of enterprises were 34%.
Wu Jiaxi, director of Zhejiang SME Bureau, said that financing difficulties had already affected the economic efficiency of enterprises. In 1-4 months, the financial expenses of SMEs above Designated Size in Zhejiang increased by 40.6%, of which net interest expense increased by 45.2%, and losses exceeded 21%, and the amount of losses increased by 34.9% over the same period last year.
The weakening of external demand, the appreciation of the renminbi and the reduction of the export tax rebate rate have brought down the export of China's high-speed growth for many years.
A report from the Policy Research Office of the coastal government shows that export orders have been significantly reduced, and the continued appreciation of the renminbi has made the enterprises dare not take orders, disrupting the normal production plan and increasing the risk of export bad debts. It is ranked as the Yongqiang group of the 50 largest export company in Zhejiang province because of the bankruptcy of a US customer, resulting in an unrecoverable about 300000 dollar loan.
From "shop booth" to "ladder"
Zhou Minhao, Secretary General of the Shanghai Economic Commission, said that the growth of the "shop booth" style has been difficult to continue. The tight environment has given the eastern developed areas a chance of adjustment and pformation. The second half of this year will speed up the connotative adjustment, accelerate the technological pformation of enterprises, increase the soft input of R & D, staff training, and change the cage to change birds to achieve industrial upgrading and pformation.
With the rapid growth of advanced manufacturing industries, such as electronic information and mechanical manufacturing, Shanghai's modern service industry, especially the financial industry, has accelerated. In the first half of the year, the volume of pactions in the interbank lending market, the interbank bond market and the gold exchange has doubled and doubled. The total volume of international container handling and air cargo pport has maintained a two digit growth.
The Zhejiang provincial government recently announced the implementation of the pilot work on small loan companies, making it clear that the pilot work of small loan companies started in July and is expected to start small loan business from 9 to October.
This not only alleviates the "hunger and thirst" of the financing of private enterprises, but also enables large numbers of private capital to find exports and operate under the supervision of the sun.
The smooth flow of financial channels between private capital and private enterprises is undoubtedly conducive to the healthy development of Zhejiang's economy.
Despite the difficult situation, Wuxi, Jiangsu, did not slow down the pace of "climbing ladder". Xing Yixin, director of the Jiangsu economic development and Reform Commission, said that this year the city will shut down more than 540 enterprises of "five small" and "three high and two low", rectification of 211 enterprises of "three high and two low", speed up the adjustment of industrial layout in cities, and sign the purchase compensation agreement with more than 100 enterprises that "retreat from the city into the garden".
Meanwhile, the growth of new industries in the city is growing rapidly.
In the 1-5 month, the growth of the liquid crystal industry and the output value of biomedicine exceeded 50%, and the PV industry maintained a growth rate of more than 100%, much higher than the average level of the industry in the whole city.
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