Greek Crisis Wenzhou Shoes And Clothing Enterprises Damaged

On May 12th, since debt crisis in mid January this year, debt laden Greece has been in trouble. Recently, a growing crisis has led to a nationwide strike.

In this crisis, more than 95% of the warm traders living in Greece have been affected, with the highest turnover of 75%.

　　 Greece crisis hits heavy business economy

Since April, the Greek crisis has reached an unprecedented crisis. In May 5th, the Greek people launched a nationwide strike which was organized by trade unions. It is reported that many roads in Greece are blocked, companies and shops can not operate normally, and more than 2000 of Greece's economy is severely damaged. The background of this crisis is that the Greek government in debt dilemma has adopted a tightening policy, not only to reduce wages, but also to increase taxes, and to reduce welfare for the wealthier part of the population. It has caused widespread social dissatisfaction and caused widespread social dissatisfaction, so a financial crisis finally triggered a huge social crisis.

Xu Weichun, President of the General Chamber of Commerce of the Chinese overseas Chinese Association of Greece, pointed out to sina finance that the Greek system has always been flawed and corruption is also serious. Recently, this problem has become more and more prominent.

Xu Weichun said that in Greece, 11 million of the population, a large number of civil servants, up to about 2000000. The Greek government introduced a fiscal deficit reduction policy, which reduced civil service wages by 20%, and it only took 12 months (originally 14 months), and the Greek people who paid more than 3500 euros a month (Greek average wage of 1200 euros) cancelled all benefits.

"Europeans do not have the habit of saving money. Most people will distribute their wages ahead of time every month. This salary will drop by 20% at a time, which is a great blow to all Greek families." Xu Weichun said. It is reported that Greece does not have many pillar industries, supporting the Greek finance only aviation and tourism. "Europe, especially the German people, is not willing to help Greece get rid of this crisis because they believe that the Greek people are at ease and irresponsible," Xu Weichun said. Some of the Europeans, including the Germans, have lost confidence in the euro because of the Greek crisis and hope to return to the Mark era.

Wen Shang damaged the highest turnover of 25%.

Wen Shang was the first group of Chinese to be stationed in Greece. According to incomplete statistics, there are about 5000 Chinese businessmen in the Greek region, and there are about 2000 businessmen in Zhejiang Province. There are 2000 to 3000 people in Wenshang. They are mainly engaged in clothing, shoes and hats and small commodities trade. Among them, more than 95% of Wenshang are engaged in trade. Xu Weichun said that at present, there are hundreds of thousands of Wenshang shops in the Greek capital Athens. Among them, there are nearly 200 Chinese wholesale clothing stores in Athens and 70% in Wenzhou.

The pressure facing Wen in the crisis mainly comes from two aspects. One is that the Greek government's austerity plan has led to a sharp drop in local purchasing power and a sharp drop in business volume. Secondly, the Greek government has increased the sales tax of retail shops from 19% to 23%, which has also caused serious economic losses to Wen Shang.

Xu Weichun told sina finance that the Greek crisis affected at least 95% of the business. Their business volume fell by an average of 30% to 40%, and the highest decline was 70%. Among them, the industry with the most serious decline in performance is clothing and footwear industry, while the performance of accessories and hotels has also declined sharply, with a magnitude of around 25%.

"From 2001 to 03, business was the best. The daily turnover of a shop was about 1000000 yuan, and the daily profit could reach 300 thousand. From 03 years, there was only 30 to 400 thousand yuan daily turnover, and since the outbreak of the crisis, only 100 thousand yuan a day, and the volume of retail business will continue to decline." Xu Weichun said.

A businessman surnamed Chen said that because of the crisis, his wholesale sales in the region of OOA were only about 6000 euros a day, more than half of the volume in the same period last year. In addition to the huge impact of the trade sector, the real estate industry in Greece has become extremely cold and the housing prices have begun to shrink dramatically. Xu Weichun disclosed that the volume of second-hand housing transactions in Greece has been greatly reduced, and there are few people in the house.

"At ordinary times, the price of the house is only about 5% a year, but in the four months, the average house price in Greece is 5%, and the highest decrease has reached 10%." He pointed out. In addition, due to the Greek general strike, all flights to and from Greece have been cancelled. There are only part of the shipping and shipping channels for the import and export trade of Wenshang. Only 95% of the goods are transported to the sea, but the backlog is very serious.

"In the past, people in Wenzhou had five days a week, and now they have about two or three days a week. Clothes, shoes and caps are all Greek people can buy or buy, but there is not much business now." Xu Weichun said.

　 At present, counter market trade is the only solution.

Xu Weichun told sina finance that he had traveled abroad and home in recent days and had to make 5 calls with Greece every day. "The Greek government has a very good relationship with Wen Shang, and I can talk directly with the top government officials, so the information is the best." "Judging from the current situation, I estimate that the Greek people's procession will continue, but this time it will ease slightly. If the optimistic estimate is made, I think it will take at least one or two years for Greece to get out of the predicament." Xu Weichun said.

He said that although the impact was not devastating to Wen Shang, it was still very heavy. "Most of the Greek Wenkei chose to stay behind, because Wen Shang had worked hard for several years and had built up a tourist source and interpersonal relationship. He was not willing to return. If he needed to move to other countries, the cost would be too great." He also pointed out that Wen has been doing trade in Greece for more than 10 years. The Greek people are very dependent on Chinese goods. Their acceptance and demand for Chinese goods are very large. The market share of TV and air conditioners in the local market is also very high. Therefore, Wen Shang is unwilling to withdraw from Greece and will move forward with the Greek people.

Xu Weichun said that only two people returned to Wenzhou in Greece. Some of them had already earned a lot of money. They began to turn back to make real estate development. The other part was Wenzhou people who had recently gone to Greece to open up their business. Some of them are currently affected by the crisis and are most serious.

"We hope that Greece can introduce a plan that can bring substantial benefits to the public as soon as possible, such as making policies and commitments to improve civil servants' wages and benefits in the future, so as to relieve people's dissatisfaction with the government." Xu Weichun said.

"The only way to change the situation is to do counter trade," Xu Weichun said. He said that Greece's red wine, marble, seafood and so on are all high quality products, with little output, and the depreciation of the euro is also good for the bottom up.

Xu Weichun said he hoped that the Chinese government and the Ministry of foreign affairs and overseas Chinese organizations could give appropriate help to Greek Chinese businessmen, and could also provide a bridging bridge for the development of Zhejiang's expatriates. "Our chamber of Commerce will also actively organize an appeal for overseas Chinese to join forces to increase the survival opportunities of overseas Chinese in Greece."

Zhou Dewen, chairman of the Wenzhou SME Promotion Association, expressed optimism about this. He told sina finance that the loss of Wen business depended on the duration of the crisis. The decline in current business volume was inevitable, but the day when the crisis was relieved was the time when Wen business changed. "Greece has always attached importance to foreign investment, especially Wenzhou businessmen, and at present, the EU and others are helping to suggest that Wen can choose to return to Europe or to other countries in Europe to avoid greater losses."