Textile Industry Is Unprecedentedly Grim And Nantong Is Exporting Unconventional Measures.

Reporters were informed that the Nantong Municipal Commission of letters and other departments will introduce tax reduction, subsidies and other measures to substantially reduce corporate tax revenue and use "real gold and silver" to reward exports.

In order to lighten the interest burden of enterprises, when the conditions are ripe, or consider the proper subsidy of local finance in Nantong, "assist" banks to lend money to SMEs at lower interest rates.

In fact, behind this series of "unconventional" measures, it is reflected that the local foreign trade situation is deteriorating.

Lu Jianxin, deputy director of the Nantong economic and Information Committee, admitted that although the decline in imports is larger than exports, Nantong's more foreign invested enterprises and processing foreign trade enterprises have their imports before they are exported. This indicates that the downward trend of exports will further intensify in the future.

The situation in the textile industry is more severe than in 2008.

As a representative private textile trade enterprise in Nantong, general manager of Nantong Haier Textile Co., Ltd.

Told reporters that the textile industry is now like a sunset industry, gross profit margins generally will not exceed 5%.

Compared with the previous years, this year's situation is even more sluggish, the price will lose market share, and the price will face losses, and the enthusiasm of enterprises to do entity will be blocked again and again.

Tian Fenghong, chief financial officer of Nantong's Thai mousse Garments Co., Ltd. also said that because the company's main export target is the European Union, the upgrading of the European debt crisis has a direct impact on the company.

In terms of raw material costs, compared with Southeast Asian countries, there are also disadvantages. The organic cotton produced by the company must also be imported from India, which can save up to 2000 yuan per ton.

"We hope that prices will stabilize and corporate taxes can be further reduced."

Tian Fenghong said.

Zuo Chengqin, the former chairman of Jiangsu Dasheng group and chairman of Nantong Textile Industry Association, believes that the textile industry is more serious this year than in 2008. Although the backbone enterprises of cotton spinning are very difficult to run, most of them are still actively investing and restructuring.

Zuo Chengqin introduced that the general rule of the textile industry in May is the peak season, but this year the peak season is not prosperous, most of the enterprises are short of orders, many factories are half open and half stopped.

A number of business people also suggested that

The purpose of the quota system is to protect the interests of the peasants, but in fact, this preferential benefit has been separated from the circulation link.

On the other hand, in the actual implementation of the national export tax rebate policy, enterprises can not get a penny. Overseas customers have already counted this point. There is no price advantage in negotiations, and the export tax rebate system should also be reformed.

The emergence of irrational competition in shipbuilding industry

Shipbuilding industry, which has always been proud of Nantong, is also facing difficulties.

According to the Securities Times reporter, this is mainly reflected in the proportion of prepaid payment to shipowners, the differential treatment of bank financing and so on.

Cai Rong, chief financial officer of Nantong Ming De Heavy Industry Co., Ltd., which is mainly engaged in special ship manufacturing, told reporters that private enterprises with weak funds and background are obviously at a disadvantage in competition with state-owned enterprises.

"Powerful state-owned enterprises such as Dalian heavy industries, 31.52,0.00,0.00% and so on, can require foreign shipowners to pay 10%~20% advance payments only when they receive orders, but it is difficult for us to do so.

A ship is liable to be $50 million. If we want to pay seven or eight of the total amount of money, the subsequent development of enterprises will inevitably be trapped. "

Cai Rong said.

A local bank official told reporters that now is the ship's low point, the price advantage has emerged, some shipyards believe that foreign shipowners at this time the probability of abandoning the bill is very low, so 1% or even the situation of pre payment is possible, irrational competition signs have emerged.

Cai Rong briefed reporters that orders for Ming De heavy industries had been scheduled for 2014, and that orders were still on hand, but the amount of gold was not as good as before.

A project recently talked about is also a state-owned enterprise.

From technology and experience, we have an advantage, but the financial strength is obviously superior to the other. Once the technical personnel are poached by high salaries, the outcome may be very miserable.

Reporters learned from a number of enterprises in the industry that, in terms of installment, the financial crisis has been mostly "3331" and "22222". The situation of the down payment of 80% has gone for ever.

Ming De heavy industry disclosed that before the delivery of the ship can only get 30% of the amount, the demand for funds has been very urgent, and hope that the government and banks give more support to private enterprises.

Enterprises turn to play finance to make quick money.

Due to the lack of money making effect in the real economy, many local businesses in Nantong are focusing their efforts on short-term financial speculation.

When the US dollar resources are relatively sufficient, we will make use of the difference between the internal and external prices of raw materials to make "import to domestic sales". We are more sensitive to exchange rate risk, and we will take more risks in the domestic RMB forward and overseas non principal delivery forward (NDF).

A local bank official in Nantong said that Nantong's shipbuilding industry is well-developed. In the year of good operation, the company has about 5000000000 of its liquidity. Some shipping companies are willing to do Renminbi financing business to reserve bullets for the industry's cyclical recession.

They are keen on importing raw material arbitrage.

It is understood that due to the previous national cotton purchase policy, resulting in a huge price difference between domestic and foreign cotton prices, in order to balance the interests of domestic textile enterprises, the relevant departments later issued a cotton import quota policy.

In this way, certain quota enterprises can get the profits of the normal enterprises in one year by selling scalp quotas.

It is reported that the black market quota index, 1 tons were fired to 2000 yuan.

Another textile enterprise contacted by reporters, whose main raw material is CVC yarn (cotton blended content is higher than polyester blended yarn), is not cotton yarn.

However, according to the relevant personnel of the enterprise, the other hand of the enterprise has been buying cotton yarn from overseas market, and then "import to domestic sale" to earn the price difference.

Reporters learned that not only in Nantong, Guangdong and Zhejiang and other places, many enterprises are also at home and abroad cotton price difference.

The government has unconventional measures to stabilize exports.

According to Nantong customs statistics, in April this year, Nantong's foreign trade import and export amounted to 2 billion 50 million US dollars, down 12.6% compared to the same period last year, down 20.7%.

Among them, exports of US $1 billion 550 million, and imports of US $500 million, show a sharp decline compared with the same period.

In this regard, Lu Jianxin, deputy director of the Nantong Municipal Commission of letters, said the situation was not optimistic.

He explained to reporters that the municipal government had considered a moderately subsidized bank through the financial sector to fight for lower lending rates for SMEs.

However, judging from the changes in recent months, the supply and demand relationship between banks and enterprises is also loosening, and some new loans of banks are in a rather low state. When the policy is promulgated, it depends on the feedback of enterprises.

Lu Jianxin said that the Nantong municipal government attaches great importance to the survival of local enterprises. Only with excellent enterprises can the local economy and people's livelihood continue to develop well.

For this reason, half of the total corporate fund will be waived.

It is reported that the fund was paid by 1/1000 of the sales revenue, and all industrial enterprises in Nantong will be reduced by half in the future.

Under the environment of economic downturn, it is estimated that the expenditure of enterprises will be reduced by around 70 million yuan this year.

Lu Jianxin told reporters that according to the survey, the average real loan interest rate of enterprises in Nantong is basically over 10%, far exceeding the benchmark interest rate.

The municipal government has repeatedly communicated with banks in the hope of effectively reducing the burden of interest on enterprises.

If necessary, the government will make certain subsidies for this purpose, which is also an unconventional strategy.

"The Nantong municipal government encourages enterprises to take up the technical pformation project of" short flat quick ".

To encourage exports, every 10 million dollars will reward four to five thousandths.

In the short term, we will bring up another 200 million yuan to help enterprises tide over difficulties.

Lu Jianxin said that enterprises should not only embrace heating, but also face the natural law of survival of the fittest, and enterprises themselves should speed up pformation and upgrading.