Home >

What Is The Truth Behind The Collapse Of Dongguan'S Enterprises?

2011/7/27 9:21:00 39

??? 日本語 Fran?ais English 中文

Financial Crisis Of Manufacturing Enterprises In Dongguan

With the sudden collapse of senior toy enterprises "Su Yi" and the "Ding Jia" of textile enterprises, the worry of a "cold spell of manufacturing industry" once again attacking the whole manufacturing industry in Dongguan is permeated with the whole manufacturing industry.

In the past half a month, news reports about the collapse of enterprises or workers' wages have been more than doubled.

Textile Industry Association said that this round of manufacturing difficulties led to 10% of Dongguan's textile enterprises overwhelmed, and even in a short time to see signs of cloud and moon.

The financial crisis has been over three years, this time in Dongguan, Guangdong.

manufacturing industry

The tide of collapse is reappearing and is likely to repeat the way of the 2008 financial tsunami, which has nothing to do with the global economic storm.

As the president of the Dongguan textile and Garment Association said, the demand for the European Union and North American market has begun to decrease. The difficulty of increasing domestic financing environment, the increase of wage increase, the increase of raw material cost and the appreciation of RMB have become the main factors to suppress the profits of small and medium-sized enterprises and even threaten the survival of enterprises.

These cases can not help but remind us of the collapse of the global toy industry in the 2008 financial crisis.

At that time, Hejun was spending huge sums of money on industrial upgrading because of the reduction of orders in the world, and finally the capital chain broke down.

Now the external environment seems to be the same as that time, but the demand for Europe and America is reduced and the funds are insufficient.

An obvious crisis is the "shortage of migrant workers" in the coastal manufacturing industry. Labor shortage has risen sharply in the face of the shortage of labor supply, which has finally diluted the profits of enterprises.

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.

This turning point means that the era of demographic dividend, which relies solely on cheap labor to create corporate profits and gains competitive advantage with cheap product prices, will never return.

It is obvious that the current "coastal labor shortage" and even the increasing wages of workers have made the coastal industries represented by the manufacturing industry stand on such a "Lewis turning point".

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.

In order to avoid labor cost pressure, some enterprises began to carry out space pfer, such as migration to less developed areas such as Vietnam and even lower labor costs.

However, if enterprises want to survive for a long time, they must upgrade their industries. One important factor for upgrading is capital.

Obviously, in the moment.

monetary policy

Tighter and tighter, banks are more in favor of powerful large enterprises, and small and medium-sized enterprises are generally trapped in financing difficulties, which is back to the problem of Jun Jun's bankruptcy.

How can enterprises get rid of the dual predicament of high wage costs and increasing financing difficulties? How to make monetary policy work hard to bring down prices, reduce the cost of raw materials and reduce the financing confidence of SMEs?

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 cancelled the punitive tariffs on Chinese leather shoes.

For the leather shoes manufacturing industry to reduce a large tariff burden, thereby reducing the operating costs.

This seems to provide a mirror for other industry's difficulties.

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.

At the moment, we rely solely on monetary policy to redeem ourselves.

Economics

It seems that it is hard for some economies to get out of trouble.

In the face of the cycle of economic operation, only by implementing a combination of policies and integrating monetary policy, exchange rate policy adjustment, tax relief and circulation costs can we really get SMEs to tide over the crisis.