Wenzhou Export Shoes And Clothing Enterprises Have Fallen Into The Dilemma Of "Making Money Without Making Money".

The last stop is to visit.

After the financial crisis in 2008, reporters visited the country for many times.

"The empty factory area, the locked factory gate, and the equipment materials scattered in the workshop are only 32 left behind caretaker."

This is the opening speech of an article written by reporters in 2009.

In August 16th of that year, the "China shoe king" bully group suddenly announced that it had stopped production and disbanded and Wang Yuejin, the boss, had gone far away.

Two years ago, the story of "boss running" did not end, but the protagonist changed from "Chinese shoe king" to Wang Yuejin, "king of glasses" Hu Fulin.

The failure of mining investment has dragged down Wang Yuejin, and the investment of solar energy has brought down Hu Fulin.

When many private enterprises are facing difficulties in pformation and upgrading, they gradually abandon their commitment to leading industries, and pfer large amounts of capital from the real economy. Some enterprises even take manufacturing as a financing platform to capture capital in capital market.

A local official in Wenzhou told reporters that there were two kinds of entrepreneurs on foot. Some like Hu Fulin, blind expansion led to the fragmentation of the enterprise capital chain and in trouble.

Another category is usury.

Similar stories highlight the underlying problems of Wenzhou.

A common understanding in academia and industry is that the industry is hollow and industry is shrinking. The two is the capital investment of industrial capital and speculation as a flood discharge port; and the three is financial control which leads to chaos in usury.

At the end of 2011, No. 18, Bali road, shoe city, Wenzhou, the production building of the former "China shoes king" Buli group was called Hongcheng.

Hu Fulin's Xintai group has started normal operation, but the restructuring plan has not yet been announced, and the suspense remains to be solved.

Enterprise life and death is a natural phenomenon. The argument of "collapse tide" is "exaggerated", but the realistic predicament can not be ignored.

Yang Yiqing, executive chairman of Zhejiang merchants Research Association, told reporters that after the new century, Wenzhou's economic reform has gradually weakened its first mover advantage, especially in recent years.

Wenzhou's economic growth in 2003 reached its highest level in the past six years, but this increase was the last third in Zhejiang's 11 prefecture level cities.

By 2009, Wenzhou's per capita GDP was only 4604 dollars, less than half of Hangzhou's, and only 71% of the province's per capita GDP.

During the interview, the Wenzhou municipal inspection and Quarantine Bureau official said that the current export situation of Wenzhou textile and clothing is not optimistic.

Because the average unit price of export products increased by 23% in 2011, but the cost increased by more than 23%, and many export enterprises "made money without making money."

Shi Jinchuan, deputy director of the Zhejiang provincial government advisory committee and professor of Zhejiang University, told reporters that after the financial crisis in 2008, the state introduced a 4 trillion package investment plan. Most enterprises did not have enough time for pformation and upgrading to survive the crisis.

The traditional leading industries are declining, and the cost of products is high.

Low profits encourage enterprises to invest in other industries.

Because there is no experience in the newly entered industry, it can easily lead to blind investment.

"A considerable number of enterprises, because of the lack of effective ways, have withdrawn funds from the industry and weakened the strength of the real economy.

Regional private financial funds expand instantly. Once there are some social and economic shocks which are intertwined by internal and external factors, such as tight credit policy, it is easy to arouse large-scale financial risks in the region.

Shi Jinchuan said.