Wenzhou Over 20% Companies Take The Initiative To Reduce Orders

According to the survey of the order of 855 key monitoring enterprises by the end of September by the Wenzhou Municipal Commission of credit and information, 21.6% of the enterprises took the initiative to reduce the number of orders or push off some orders due to the rising price of raw materials and the appreciation of the renminbi.

This data is more like the re attack of the financial crisis in 2008. Some experts have pointed out that the tightening of macroeconomic regulation and the world economic environment has provided an opportunity for the Wenzhou economy to accelerate its decline.

The overall economic downturn is gathering risks.

"Industrial cluster" dilemma

Ruan Chaowen (pseudonym) has been a shoe factory for more than 20 years and is now closed.

His factory is located in the industrial base of Xindi Town, Xincheng Town, Ruian, Wenzhou. In this town, "Ruan" is a big surname. When it is well done, "Ruan boss" can find several people in this industrial area.

The factory was shut down once in 2008, and then opened again. Now business is bad and it has to be closed again.

In 2008, only 2600 footwear enterprises were in a state of survival. At the same time in 2005, there were nearly 4000 shoe enterprises in Wenzhou and about 400000 employees, with an annual output of about 600 million pairs of leather shoes.

"Wenzhou shoe capital" is only one of Zhejiang's industrial clusters, and Zhejiang is our country.

Nevertheless, these industrial clusters are not strong enough to resist risks. These industries, which are at the initial stage of industrial clusters, are often referred to as "puppy economy" and gradually develop into "lump economy".

For example, the annual sales revenue is over 100 billion.

Most of these industries are more or less the epitome of Ruan Chaowen.

Because of the lack of orders, Ruan Chao Wen's factory had to stop production temporarily.

This kind of "half stop production" is more due to the production of Zhejiang's workshop. When orders are produced, no orders will be "temporarily" closed.

Difficult year

According to the statistics of the court, as of the end of August, the number of private lending disputes in Wenzhou increased by 25.73% over the previous year, 8.7 percentage points higher than that in the first quarter, and the amount involved was about 5000000000 yuan, an increase of 71% over the previous year. In August, the amount involved was 1 billion 70 million, which was 2.69 times that of January.

Earlier, a related report of the Wenzhou municipal government said that with the advent of the peak repayment period of the year, in order to prevent the crisis of the capital chain of entities, the relevant departments in Wenzhou will thoroughly explore the 17 industries in terms of industrial upgrading, main business, and

This is due to the repeated decline of corporate profits this year. The traditional industries have been shrinking. For example, 1~7 months, the profits of Industrial Enterprises above Designated Size in Wenzhou increased by 10% over the same period last year, and the growth rate continued to fall.

Among them, the most obvious drop in small businesses, profits grew by only 6.9% over the same period last year, down 2.3 percentage points from the first half.

The profit increase is 7.1 percentage points lower than the sales output increase, which is 3.4 and 0.9 percentage points higher than that in the first quarter and the first half of the year.

Professor Chen Jianjun, executive director of the regional and urban development research center of Zhejiang University, told our reporter that this is only the beginning of the current round of economic adjustment. Every economic regulation and control will inevitably result in the closure of enterprises. This is a normal reshuffle of the market and an inevitable outcome of the survival of the fittest.

This may have overlooked the extent of the crisis. Data from the Central Bank of Wenzhou central branch in the first half of the year showed that the scale of the private lending market in Wenzhou reached 110 billion yuan, and 90% of households or individuals and 59.6% of the enterprises were involved.

Among them, only 35% of the general production and operation, accounting for 20% of real estate, and 40% of the private lending market.

In other words, once Wenzhou's economy collapses, it will lead to a frenzied chain reaction.