A Series Of Measures In The Domestic Pearl River Delta, A Large Number Of Shoe Enterprises Went Bankrupt And Moved Out.

A series of measures in China have resulted in the collapse and relocation of thousands of enterprises in the Pearl River Delta. Recently, a number of officials have been sent to Guangdong for investigation.

Huang Mingzhi, President of the Shenzhen Association of Taiwanese businessmen, quoted by the Central News Agency, said that enterprises have been implicitly closed down one after another. After the lunar new year, a large number of enterprises are expected to collapse or move out.

According to the China business newspaper, at the end of December last year, a number of officials of the Ministry of Commerce of China's Ministry of commerce again went down to investigate the next step of policy thinking after the publication of a list of prohibited categories of processing trade in China's new batch of 589 kinds of commodities.

Huang Mingzhi said that since the second half of last year, the adjustment of policies such as export tax rebate and processing trade restriction catalogue has made Taiwanese enterprises unprepared and also aroused great reaction from China's processing trade enterprises.

He said that from the export tax rebate in July last year, the No. 44 document in August (the restricted list of processing trade) and the latest version of the "labor contract law", these policies were launched in a short time, and the buffer period for enterprises was too short.

According to the information of the footwear association of Asia, nearly three thousand shoe factories and related enterprises in Guangdong were closed or moved out in the first quarter of last year.

In the past six months, the number of enterprises producing toys in Shenzhen has also dropped sharply.

Insiders revealed that at the same time, large enterprises with ability began to consider relocation, but now the relocation enterprises are quietly carrying out, and in the field do not need the original company name, afraid of causing suppliers' unrest and demanding payment.

In this process, a large number of small factories, which were originally attached to large factories, could only go bankrupt.