The Pain Of Life And Death Of Wenzhou'S Water Head In China

The water head town of Pingyang County in Wenzhou is the largest pig leather processing base in the country. It is called "China skin capital". The production of raw leather once occupied 1/4 of the whole country. The output of one year was as high as 4 billion yuan, and the financial and tax revenue of Pingyang County was above that of the whole town. However, when reporters came to China before arriving in Pingyang, they saw almost no business here, though it was time for work, but there were no wholesale outlets.

Nearly 30%, resulting in a sharp decline in their leather processing industry demand, coupled with the abolition of their export tax rebate 8% this year, and the annual interest rate of corporate loans raised to 7.47%, and this increase rate measures will affect not only the banks lending enterprises, all foreign trade enterprises because of the use of half a year or three months of letters of credit, are paying 3%-4% interest to the bank, while raw materials and labor prices also increased by 40%, the total cost of these enterprises increased at least nearly 30%, but because of the shrinking market, their product price increase space even 10% are very difficult to achieve. Comment: not only is the water head, the traditional industries of other towns in Wenzhou are also facing the pain of life and death. The boss here told reporters that the output of the upper shoe manufacturers dropped sharply.