Serious Loss Of Leather Industry In Zhejiang

Recently, the Zhejiang economic and Trade Commission announced the economic performance in the first half of this year.

Under the pressure of tight macroeconomic policies, international economic fluctuations and obvious inflation, Zhejiang's industrial economy is in a tight running state.

From 1 to June, the increase in industrial added value and total profits of Enterprises above Designated Size dropped by 5.5 and 17.8 percentage points respectively over the same period last year.

From 1 to May, there were 1.07 loss making enterprises above Designated Size, with a deficit of 19.6%%.

Most of the textile industry, especially leather, chemical fiber, clothing, printing and other losses.

Crude oil and refined oil prices fell sharply in the oil processing industry. From 1 to May, profit from 2 billion 890 million yuan in the same period last year suddenly changed to a net loss of 1 billion 550 million yuan.

The food and paper industry has played a price inflation effect, and the profit growth has exceeded 50%%. The pharmaceutical industry has been out of the doldrums for three consecutive years since last year, and its profit growth has surpassed the peak period of nearly 10 years. The profit of chemical and rubber industry has increased by 5, which is rare in recent years.

In addition, the shipbuilding industry has become the strongest industry in the province. The output value from 1 to May is as high as 10 billion yuan, and the output value, profit and investment growth of the waste and waste materials recycling processing industry exceed 40%%, 110%% and 80%% respectively.