Large Scale Shuffle For Export Enterprises Is Unavoidable.

With the coming of the new year, the main reason for the decline of the export chain and the slowdown in the export rate are the export enterprises. The domestic reshuffle caused the industry to shuffle. It is inevitable that China's export enterprises are facing unprecedented challenges due to the sharp decline in overseas orders and the sharp rise in the risk of bad debts.

The pressure of the coming year's capital may be a fatal blow to many export enterprises, and those who survive will become strong ones.

After the financial crisis, the shrinkage of the economy has led to the reduction of orders, which has become the focus of the decline in export growth. It has cut off the sources of corporate receivables, and domestic banks are more prudent in lending to export enterprises. Many enterprises have been closed due to the broken capital chain, and more enterprises may be doomed to escape at the sensitive time of capital demand for new year's day and Spring Festival in China.

I feel sorry for the year.

At that time, we must pay wages to the employees, and the banks are forcing us to repay the loans.

Although it is still under construction, it is always frightening. Once the funding link is out of order, it will have to be done.

"The general manager of an export-oriented enterprise in the printing and dyeing industry of Zhejiang said to Reuters.

Tao Shoulong, chairman of China's printing and dyeing company and the largest printing and dyeing enterprise in China, Jiang long holding group, was arrested recently, but he was unable to repay the company's liquidity because of its illegal collection of funds.

Because China is worried that the export slide will further hurt economic growth, China has recently increased the export rebate rate of some products and cut interest rates so as to help enterprises tide over the difficulties.

But the analysis of the industry, which can not change the decline of orders, the worst of the time is still not coming.

Xu Xiaowu, general manager of Changzhou meate motorcycle company, told Reuters that since September, overseas orders have been plummeting, which has become the most critical impact.

Because of the instability of raw material prices, foreign customers only make enquiries, and the demand for purchase has been greatly weakened.

According to a previous survey released by CLSA, China's Manufacturing Purchasing Managers' index in October was the lowest since the index was established in April 2004, and the monthly decline in the new order index has been the largest since the index was established. The global economic downturn has led to shrinking domestic and foreign orders.

The Research Report of China Everbright Securities estimates that in the 1-9 month of this year, the net pull of China's net exports to economic growth is -0.6%, and it is expected to be around -1.6% next year.

At the beginning of this week, the world bank also predicted that China's net export contribution to GDP growth (GDP) would be one percentage point lower next year.

It is unavoidable that the industry reshuffle is inevitable. Because the Chinese enterprises export more than 80% of the export accounts, the buyer pays 15-20% in advance, and the remaining payments are usually delivered within 90 days or even 120-150 days. The financial crisis has greatly increased the risk of corporate receivables.

A China Export and Credit Insurance Corp, a policy agency supporting the export industry, told Reuters that due to the economic crisis, there was a significant increase in the delay in payments, delinquency and the closure of customers in export businesses, and the insurance business to seek export insurance increased significantly. In 1-10, the company's Insurance coverage increased by 64.5% over the same period last year.

He also said that because the risk of China's largest trading partner, the European Union, has not been thoroughly exposed, it has made the next few months more difficult. "The risk of exposure in the next few months will be more thorough."

We really feel that the subprime mortgage crisis has evolved more seriously after September, especially after the collapse of Lehman brothers. In the third quarter of this year, exports will only be collected in the last quarter and the first half of next year.

"Han Jiaping, director of the credit management department of the international trade and Economic Cooperation Research Institute of the Ministry of Commerce of China, analyzes that the bad debt rate of Chinese enterprises to the US has increased by 2-3 times this year, and more and more will be coming in the next one to two years. The external environment faced by foreign trade enterprises is quite grim.

EU is China's largest export market, accounting for 20.5% of China's external exports in the first three quarters of this year, while the United States ranks second, accounting for 17.6%.

Despite the recent government intensive policies to try to reverse the plight of foreign trade enterprises, this can not play a role in the change of external demand, and foreign trade enterprises will have a long winter.

"The entry threshold of former export enterprises is too low. It is very difficult for them to occupy the dominant position in the international market for a long time only with low cost, and the improvement of labor productivity is the key.

The integration of export industry is inevitable.

Yu Yongding, director of the Institute of world economics and politics of the Chinese Academy of Social Sciences, said.

Since last year, the Chinese government has adopted a series of policies aimed at changing the pattern of economic growth, including RMB appreciation, raising labor costs and reducing export tax rebates. According to the data of the NDRC, 6.7 SMEs have gone bankrupt in the first half of the year, most of them are export enterprises.

Enterprises that still have comparative advantages and survive in the winter are obviously the strong ones.

The statement of Luo Zhun, manager of Shenzhen Ceramic Industry Co., Ltd. is quite representative. "After the last round of industry reshuffle, the situation of labor shortage has improved, and the ability to bargain with foreign businessmen has also improved, and the overall competitiveness of enterprises has been strengthened.

"Dr. Mei Xinyu, a researcher at the Ministry of Commerce, also pointed out that the advantages of China's exports are hard to catch up with in other Asian countries in the short term.

In particular, the key factor of logistics export is hard to compare with many developed countries, let alone Asian developing countries with relatively backward infrastructure.

Although the World Bank expects net exports to contribute negatively to China's economic growth next year, its report also indicates that the demand for emerging markets is still strong and China's competitiveness has increased its share of the international market. The overall growth of exports is still stronger. "As a result, the growth of China's exports in 2009 will be reduced, but it is expected that its market share will continue to rise.

"The proportion of China's exports to the world's total exports increased to 8.8% in 2007, and the world rankings to second place, while the proportion of total import and export trade to world trade increased from less than 1% in 1978 to nearly 8% last year.

Wen Jiabao, premier of the State Council of China, recently went to the Pearl River Delta to conduct an investigation and study.

Having heard that the new ship order of the shipyard dragon boat factory in Guangzhou has been released to 2012, he used a Shelley poem to cheer up the export enterprises: "can winter be far behind?" is the editor in charge: Yang Jing?