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    Buyers Of China Keqiao International Textile Fair

    2008/10/28 0:00:00 54

    The China Keqiao International Textile Fair, which has been upgraded to the "National Exhibition", has come to a close today.

    4 days ago, a sudden fall of rain on the opening ceremony made the temperature drop a few degrees. This seems to imply that in the past October, it has become the indisputable fact of the "Keqiao crisis month".

    Shaoxing, a large number of private textile enterprises, has been engaged in vigorous development of foreign trade. After the financial crisis, Hualian three Xin, the largest PTA manufacturer in Asia, was in bankruptcy and its liabilities were as high as 10 billion 500 million yuan.

    The financial crisis has caused the "turbulence" of Shaoxing's economy.

    Only a year ago, the Shaoxing government put forward the concept of "headquarters economy". According to the "611" project of China Textile City, the north of the city will focus on planning and constructing 100 headquarters buildings in the next 6 years, and set up a headquarters economic park.

    In Keqiao, a tall building, this grand plan seems to be temporarily stranded.

    But on the first day of the opening of the Expo, the turnover of 1 billion 460 million yuan was gratifying. The organizers boldly predicted that the turnover of this year's Textile Fair is expected to be higher than that of last year.

    The positive signals conveyed during this period seemed to give Shaoxing textile enterprises with "haze" outfit, and a shot in the arm.

      海外訂單大幅增加

    Lin Yaoguang, general manager of Hongkong Wei Mei overseas company, has participated in the three Textile Expo.

    The mission of this trip is to help customers in Europe, Canada and other countries to find suitable home orders.

    In the financial crisis, Lin said that orders in the US were significantly reduced and business was not as good as before.

    This statement was officially recognized by Shaoxing. A set of data from Shaoxing County Foreign Trade and Economic Cooperation Bureau showed that the export growth rate of Shaoxing textiles to the EU market decreased by more than half from January to August this year, and the United States dropped from its export market to seventh.

    The changes in the US market led Lin Yaoguang to direct his direction in Canada. This time he brought a large number of home textile orders from Canadian customers. After ten minutes of negotiation, he quickly made a purchase intention with a Shaoxing textile company.

    The head of the global textile network, who organized the procurement conference, said that although the number of buyers in the US was less, the total number of purchasers was growing.

    The organizers of the Textile Fair revealed a group of data. There were 89 suppliers participating in the Procurement Conference and more than 40 overseas buyers, which were larger than those in the previous two sessions.

    One positive data is that on the first day of the Expo, professional buyers broke through 10000 and reached a total trade volume of 1 billion 460 million yuan, creating a new high level of previous exhibitions.

    Shaoxing county government official said optimistically that after the financial crisis, Shaoxing textile could open another skylight of the industry and complete industrial upgrading.

    Chen Rongyao, a professor at Donghua University, thinks that in the smile curve of the textile industry, the front and rear accounts for 90% of the profits, while the Shaoxing textile enterprises are concentrating on the low end of the industrial chain, earning only 10% of the manufacturing links.

    In fact, Shaoxing has just opened the first "access" to the textile industry's profits.

      強勢政府鐵腕救市

    In October 20th, Shaoxing county held a briefing on economic situation.

    The participants included the heads of 18 banks in Hangzhou and the heads of 5 banks in Ningbo. Feng Jianrong, the head of Shaoxing County, told a number of participating bank governors that the county government was willing to spare no money to save these enterprises in distress.

    One background is that since August, leading enterprises such as Hualian three Xin and Jiang long holdings have been cut off and close to collapse. The shadow of capital fragmentation has once been radiated into the banking industry, causing unrest among them.

    At present, due to the economic difficulties caused by some enterprises, the crisis has been initially solved under the strong intervention of the Shaoxing county government.

    Relevant public information shows that in October 16th, Shaoxing Zhejiang Far East chemical fiber group and Shaoxing County State owned platform company Binhai Industrial Development Investment Co., Ltd. decided to inject 900 million yuan and 600 million yuan to reorganize Hualian three Xin.

    Hualian three Xin has not yet resumed production, but bankruptcy is no longer possible.

    The reunification direction of Jiang long holding, which is next to influence, has been decided. The plan is expected to be determined in the near future.

    Jiang long holding will be divided into four enterprises, each of the four companies will acquire and merge.

    Chen Yueliang, vice mayor of Shaoxing, promised that the guarantee relationship involved in Jiang long holdings could also be resolved.

    Feng Jianrong said that last year, the funds directly used by the county's finance were 17 billion yuan. This year, it must be over 20 billion yuan. If we use 20 billion to control a county economy, we should be able to make some progress.

      出口退稅鼎力支持

    Following the increase in the export rebate rate of textiles and clothing in August 1st this year, a top-down good policy will be implemented.

    The Ministry of Finance and the State Administration of Taxation issued a circular on raising the export tax rebate rate for some commodities. It is clear that from November 1st, the export tax rebate rate of some labor-intensive and high technology and high added value commodities should be appropriately raised, and textile and garment export tax rebates will be increased by 1 percentage points.

    This policy has benefited Shaoxing textile enterprises. The industry said that the export tax rebate rate increased the product catalog covering most of the textile and garment products in Shaoxing, so the textile industry benefited the most.

    Take Zhejiang gat New Material Co., Ltd. for example, from January to September, the export of chemical fiber filament is 80 million 910 thousand US dollars. After the implementation of the export tax rebate, the enterprise is expected to increase the tax rebate income of about 1 million yuan on the basis of the tax rebate raised in August, which will probably become the biggest beneficiary of the two tax rebate adjustment this year.

    Shaoxing foreign trade and Economic Cooperation Bureau officials said that the export tax rebate rate increased, the city's 3775 export enterprises can add a new tax rebate of about 180 million yuan, of which textile and garment enterprises are expected to add a new tax rebate of about 170 million yuan, to a certain extent, can ease the textile export enterprises operating pressure, and enhance the confidence of pformation and upgrading of enterprises.

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