New Problems Of Upgrading And Pformation Of Labor-Intensive Industries From The Failure Of Dongguan Textile Enterprises

With the sudden closure of senior toy enterprises "Su Yi" and "Ding Jia" of textile enterprises,

Over the past three years, the financial crisis in Guangdong Dongguan manufacturing industry

In economics, there is a noun named "Lewis inflection point", which means that labor force changes from full supply to a turning point of mass shortage.

The arrival of "Lewis turning point" means that enterprises must pay more labor costs for them, but it also raises a new topic for enterprises to upgrade from labor intensive to technology and capital intensive.

An important factor in upgrading is capital.

Obviously, in the current tight monetary policy and tight monetary situation, banks favor more powerful large enterprises, while SMEs generally fall into financing difficulties.

How can enterprises get rid of the double predicament of high wage cost and difficult financing?

One thing to note is that when the textile and toy industry is in crisis, the footwear industry, which is also the manufacturing industry, is doing its best. The reason is that in April this year, the EU abolished punitive tariffs on Chinese leather shoes, which reduced the cost of leather shoes manufacturing.

This seems to provide a reference for other manufacturing industries.

For example, the government can reduce the tax burden of small and medium-sized enterprises, reduce the cost of circulation, relieve the private financial restricted area, resolve the collapse crisis from the perspective of capital, and provide sufficient financial support for the pformation of enterprises.

At the same time, establish public information and technology platform to help enterprises break through the bottleneck of upgrading.