China Will Continue To Maintain Steady And Rapid Economic Development.

Looking at a truck loaded with toys slowly leaving the warehouse, Chen Yongchang sighed and breathed.

Despite the scorching heat of southern China, the boss of the toy factory in Guangdong often feels the chill of "severe winter" in foreign trade.

In recent years, as the global economic growth slows down, the small and medium-sized enterprises in the Pearl River Delta region, which enjoys world-renowned "processing plants", are experiencing a severe test of survival.

As a large supply processing company with more than 2000 employees, Chen Yongchang's Heyuan Honghong toy and gift products factory survived.

　　然而，廣東近八成的玩具出口東北新聞網企業由于規模小、抗風險能力差，被淘汰出局。目前有出口記錄的廣東玩具企業僅剩下1404家。

"Because of the sharp rise in wages, raw materials and other production costs, the appreciation of the renminbi, and the tight monetary policy of our country, our enterprise financing is even more difficult," Chen Yongchang said.

"Since last year, enterprise material costs have risen by about 40%.

This is our most difficult year. "

In fact, the dilemma encountered by the toy industry in Guangdong is not unique to the industry.

At present, most industries in the Pearl River Delta region, especially textile and clothing, footwear, bags and other enterprises, are experiencing similar development problems.

According to Guangzhou customs statistics, the Pearl River Delta footwear export enterprises fell from 5043 in previous years to 2617 in the first half of this year, with a drop of 48.1%.

From January to July this year, Guangdong exported garments of 13 billion 280 million US dollars, down 31% from the same period last year.

Experts pointed out that under the role of the government's macroeconomic regulation and control policy, the Chinese economy has bid farewell to the fervent development speed of the past and began to enter the "green safety zone" of steady and rapid economic development.

Statistics show that in the first half of this year, China's GDP reached 130619 billion yuan, an increase of 10.4% over the same period last year, an increase of 1.8 percentage points year-on-year.

Among them, the one or two quarter increased by 10.6% and 10.1% respectively.

Gross domestic product increased by 11.3% in the fourth quarter of last year.

In spite of a downward trend, China's GDP in the first half of this year is still 0.3 percentage points higher than the average growth rate over the past 30 years, and higher than the 8% expected growth target of the central government at the beginning of the year.

Since September last year, China's macro-economic prosperity early warning index has been in the "yellow light" area for 4 months in a row.

To this end, the Chinese government has proposed to prevent economic growth from overheating to overheating.

The Chinese government has implemented effective macro-control measures, especially tight monetary policy and prudent fiscal policy, eliminating the danger of economic overheating that threatens the normal operation of the economy.

"Timely and effective macroeconomic regulation and control has made the overheated risk of China's economy begin to subside, and the economic operation has gradually returned to normal orbit.

Ensuring economic development will be the primary task for some time to come, "said Fang Gang, member of the monetary policy committee of the people's Bank of China.

As a result of tight monetary policy, the sustained price rise above China's economic development has slowed down.

In July, the consumer price index, an important indicator of inflation, rose 6.3% over the same period last year.

The figure was 7.1% in June, 7.7% in May, and 8.7% in February.

The people's Bank of China said that the next stage is to maintain steady and rapid economic development and control excessive price rises as the primary task of macroeconomic regulation and control, and put inflation in a prominent position.

In the second half of the year, while maintaining continuity and stability, the PBC will fine tune its monetary policy at the right time according to the changes in domestic and international situations.

Experts pointed out that, in order to maintain stable and rapid economic development, while controlling excessive inflation, China should continue to maintain the total control effect of tight monetary policy and apply a sound fiscal policy to further improve the economic structure.

Other experts predict that China will relax the enforcement of tight monetary policy and increase domestic liquidity to ease the pressure on enterprises to lack capital, especially those exporting enterprises suffering from weak demand, credit control and price shocks.

At present, a major contradiction facing China's economy is that some industries and enterprises are under increasing pressure.

"The policy effect is obvious and enterprises need to adjust themselves to improve their business conditions," Zhu Zhixin, deputy director of the national development and Reform Commission, said.

In order to promote enterprise innovation and structural adjustment, since August 1st, the export rebate rate of some textiles and garments has increased from 11% to 13%, but some high polluting products such as chemical fiber and viscose fibers have not been raised.

"The root cause of the collapse of small and medium-sized enterprises in the Pearl River Delta is that the export of these enterprises is mostly processed trade and OEM production," said Professor Dong Xiaolin of Guangdong University of Foreign Studies.

"In the past, most enterprises could focus on OEM production, because they could make profits from large sales and low wages.

But now that money is no longer that simple, companies must constantly increase their added value.

Chen Yongchang of Guangdong toy factory decided to conform to the trend of development.

He said, "we will continue to develop new customers and develop new products, such as the production of auto parts and daily necessities, and the use of more automation equipment to improve labor efficiency."