"Cold Current" Hit The Pearl River Delta Export Oriented Enterprises To Survive

The cold wave of the world economy has already had a great impact on the export oriented enterprises in China.

In many cities, such as Guangzhou, Dongguan, Foshan and so on,

Facing the complex economic environment at home and abroad, the export oriented enterprises in the Pearl River Delta try to find new business opportunities in the cracks.

The foreign trade situation is comparable to that of the financial crisis.

In mid November, the head of a garment processing factory in Dongguan told the economic reference daily that pfer of orders has become a severe test for enterprises.

The official said that in the first ten months of this year, the total sales volume of the company decreased by three or four compared with the same period last year.

In the past, there would be thirty thousand or forty thousand orders, now five thousand or six thousand, and only more than 1000.

Because of the low cost of labor and land and language communication, foreign orders for simple style clothes have been pferred to countries such as India and Bangladesh.

The shrinkage of orders is only one aspect of the difficulties faced by foreign trade enterprises.

Reporters found in the survey, different foreign trade enterprises due to different cost structure, product type, and in the plight of different feelings.

In labor intensive industries such as textiles and footwear, they feel empathy for the pain of labor shortage; the ceramics, toys and L E D industries in Europe and the United States are subject to exchange rate.

The head of the above garment company complained repeatedly about the current situation of labor shortage. "There were 120 people in the factory, now more than 70 people, and more than 20 people who really sit in the parking lot, many of them choose temporary workers.

The original introduction of a person to do half a year, you can get one hundred or two hundred yuan introduction fee, now the introduction of new measures, the introduction fee has been raised to 1000 yuan, but still recruit enough people.

I hope that after the Spring Festival, we can bring more people through the old staff.

The manager of the L E D division of an electronics company in Foshan told reporters that the appreciation of the renminbi is a "killer" that engulf corporate profits.

So far this year, half of the orders have been rejected.

"The export of enterprises accounted for 40% of the total output value this year, compared with less than 10% this year," the official said.

The renminbi has been rising, while foreign investors still insist on the original price.

At present, the net profit of the L E D industry is around 10%, and the exchange rate fluctuation will swallow up most of our profits.

Since the beginning of this year, Europe and the United States have been engaged in ceramics, toys and other industries.

"This year's foreign trade situation is no less than the 2008 financial crisis."

Many enterprises responsible person said.

Domestic raw materials, labor costs rise and financing costs increase and other factors also affect export-oriented enterprises.

A survey shows that 62.5% of enterprises reflect raw material prices increased by 15% - 30% compared with last year, 31.2% of enterprises reflect raw material prices rose by more than 30%.

Insiders said that under the double pressure of credit scale control, bank funds continued to be tight, and the total financing cost of SMEs increased.

In order to ensure the profit target, banks adopt the form of "price in value". The floating rate of lending rates for SMEs has increased generally over the past year. The average interest rate of loans has increased by 10% from the benchmark interest rate of the same period of last year to the base rate of 20%-35%.

In the "money shortage", even ambitious enterprises have to slow down.

The head of a digital machinery company in Dongguan said that the company was actively pforming into strategic emerging industries and plans to develop amorphous silicon thin film solar energy projects. However, due to the difficulty in applying for loans from banks, the project started construction for nearly half a year.

Guangdong's import and export growth decline

The cold weather hit and the company felt cold.

The relevant departments' statistics also reflect this change.

Statistics of Guangdong provincial foreign trade and Economic Cooperation Bureau show that in the 1~10 month of this year, Guangdong's import and export volume was 747 billion 370 million US dollars, an increase of 19.1%.

Among them, exports amounted to 433 billion 990 million US dollars, an increase of 20.5%, and imports of US $313 billion 380 million and an increase of 17.3%.

"Since the second half of the year, the growth rate of imports and exports almost every month has dropped by one or two percentage points over the previous month."

Guangdong provincial foreign trade and Economic Cooperation Department official said.

Statistics show that the total monthly import and export volume in Guangdong increased by 13.9% in July, up 12.7% in August, 8.3% in September and 7.8% in October.

According to the relevant person in charge of the foreign trade and Economic Cooperation Department of Guangdong Province, the current foreign trade faces the following multiple challenges: first, the confidence drop and economic slowdown caused by the debt crisis in the US and Europe, and the direct impact of external demand.

A large backlog of stocks is basically in a state of "de Stocking".

For example, a multinational company has lowered its inventory cycle from 8 weeks to 6 weeks, down 25%.

Two, some enterprises can not be pferred or effectively digested cost rise, profits decline significantly.

Since the beginning of this year, the cost of export enterprises has increased by 10%-20% on the basis of multiple factors such as RMB appreciation, wage rise and price rise of raw materials.

In addition, the current foreign trade enterprises are facing many practical difficulties, such as more taxes and fees, electricity consumption, land use and financing difficulties.

According to the survey, 50.4% of the enterprises' profit margins declined, and 21.7% of the enterprises were basically flat compared with the same period in 2010, and only 27.9% of the enterprises' profit margins increased.

Three, the protection of international trade is increasing, which directly impacts some industries' exports.

There were 17 cases of trade frictions in Guangdong Province in 1-9 months.

The four is part of the order pfer and some enterprises to adjust products and market structure. In the short term, import and export are experiencing pformation pains.

At present, the export orders of some traditional superior products are pferred to Southeast Asian countries, and the world's largest production base of a famous brand shoe making company has changed from China to Vietnam.

In addition, the data released by the Guangdong economic and Information Commission also showed that the P MI index of manufacturing industry in Guangdong in November was 49.06, down 0.70 percentage points from last month, and was 50 below the dividing line in February.

In the sub indicators, the new orders index, purchasing volume index, purchase price index and employment index in November dropped by more than 1.5 percentage points after a sharp fall in October.

The backlog orders and import orders index were reversed from the previous month's rise.

The above departments believe that these conditions show that the overall shrinkage of Guangdong's manufacturing sector is already obvious and may continue until the first quarter of next year.