The "Tsunami" Phenomenon Of Enterprise Failure, China'S Largest Textile Enterprises Are On The Verge Of Bankruptcy.

In fact, the phenomenon of enterprise failure has appeared frequently in the textile industry.

Analysts expect that the collapse of textile enterprises caused by capital chain breakage will continue to spread. The first half of 2009 is the most difficult period for the industry.

Shihua financial news calls Jiang long holding company, the relevant personage has not been able to confirm this matter.

It is understood that there have been many large textile enterprises such as Shandong cherry blossoms, Zhejiang leaps, Shandong galaxy and so on. The largest PTA (polyester) Company in China, three Xin, has been crumbling.

For the reasons for the closure of textile enterprises, Guotai Junan analysts believe that from the perspective of the industry, the capacity of the textile industry has expanded rapidly over the years, the surplus capacity can only be digested by exports, and the sharp decline of the export market has led to a large number of idle production capacity.

The most fundamental reason, of course, is the reflection of domestic and global liquidity crunch and financial turbulence in the real economy.

Judging from this, the collapse of textile enterprises from the early stage of small and medium-sized enterprises to the spread of large enterprises has not yet ended, the first half of 2009 should be the most difficult period of the industry.

It plans to increase the export tax rebate rate of textiles and clothing.

Guo Jin securities analyst Zhang Bin believes that raising the export tax rebate rate has no obvious effect on the industry efficiency and business operation, and will not change the trend of negative growth of the industry's efficiency and export, and will not change the operation of enterprises, especially large and medium-sized enterprises.

The main factor affecting the decline in export growth of textile products is not the export tax rebate rate.

Once the increase is made, foreign businessmen will inevitably reduce their quotations, which will, to a certain extent, be subsidized by the state, and the income of domestic textile enterprises will be smaller than that of foreign businessmen.

Foreign demand is the core factor affecting exports. Before the stabilization of European and American economies, the tax rebate rate is limited.

Export growth of textile and clothing has been slowing down due to the decline in European and American economies.

Zhang Bin predicts that the growth rate of textile and clothing exports in 2008 will be less than 5%, and the negative growth rate in 2009 will be very great.

If the European and American economies start to stabilize in 2009, the export decline will stop at least until the second quarter, which means that in 2009 the business may be more difficult than in 2008.

At present, the textile industry is polarized. The competitiveness and efficiency of large and medium-sized enterprises are obviously stronger than those of small and medium-sized enterprises.

The key to raising the tax rebate rate is to ensure the operation of small and medium-sized enterprises, prevent workers from losing their jobs and ensure the number of people employed. In addition, raising the tax rebate rate also expresses the importance of the state's attention to the textile industry and helps restore market confidence.