China'S Export And Independent Innovation Will Be In Danger.

The financial crisis triggered by the subprime crisis has caused China's foreign trade to suffer great pressure in a short time.

In the face of difficulties, some enterprises are worried about the city, some enterprises are struggling to survive, some enterprises are planning to build new roads by independent innovation, and relevant government departments have also introduced relevant policies to support them.

In 2008, China's exports were moving forward in difficulties, looking for a turning point in the crisis, showing a rather touching picture.

The Canton Fair, known as the two Canton Fair, is a barometer of China's exports. Compared with the 102nd Canton Fair last autumn and the 104 Canton Fair this autumn, the impact of the US subprime crisis on China's exports is impressive.

Last autumn, although the US subprime mortgage crisis had already begun to show its power, the atmosphere at the 102 Canton Fair was still very hot.

Chinese enterprises found that the number of merchants from the United States did not decrease, ranking second in overseas purchasers, second only to the Hongkong region of China, and the orders in the second half or 2008 were not affected.

Statistics from the general assembly also showed that the purchase orders from the United States increased by 3 billion 700 million compared with 2006, accounting for 14.8% of the total turnover.

Wait until the 104 Canton Fair this autumn, the situation has changed.

In November 6th, the data released by the Canton fair organizers showed that as of November 5th, the total number of overseas purchasers at the Canton Fair was 175 thousand, and the total volume of export pactions was 31 billion 550 million US dollars.

This is the first time that the Canton Fair has seen a decrease in turnover in the past 5 years, and the last paction has fallen in the SARS period of 2003.

The sharp reduction in orders has made Chinese exporters worried about the future.

According to the questionnaire survey conducted by the Ministry of commerce at the Canton Fair, 72.4% of enterprises believe that the decrease in international market demand is the main reason for the paction. 59.2% of enterprises reflect that the reduction of long-term orders and the reduction of the order period are obvious.

Based on the general worry about the market prospect, most overseas merchants show great caution when ordering.

The export volume of the company is rising and falling, and the enterprises feel the strong pressure of export. But the statistics from relevant departments show that China's exports do not seem to be very bad.

Is that so?

In December 2nd, the 2009 edition of the blue book of economics released by the Academy of Social Sciences, Pei Changhong, director of the Institute of Finance and trade of the Academy of Social Sciences, has a brilliant interpretation of China's exports.

He believes that the actual growth rate of exports in the first 10 months of this year has dropped sharply, in nominal terms, more than 20%, but in fact only about 8% or 9%, and the situation is very serious.

Pei Changhong said that China's real economy was affected by the US financial crisis, first of all from the foreign trade department.

This year's exports are increasing from the statistical data. The first 8 months increased by 22.4% compared with the previous 10 months, compared with 21.9% last year, but this year's 20% are different from last year's.

This year, two factors are more important: first, the appreciation of the RMB exchange rate is relatively large in the first half to July, and the appreciation is nearly 7%; the two is the domestic price rise.

These two factors have increased the export volume of our exports very fast, but the actual export volume has increased little.

According to the actual growth, the real growth rate of exports this year is only about 8% to 9%, rather than 21%, and the growth rate has been greatly reduced.

Pei Changhong mentioned Guangdong in particular.

He said Guangdong's export trade is the most difficult.

Because Guangdong is a big province of processing trade, and the market is mainly for Hongkong and the United States.

The growth rate of Guangdong's export trade is the biggest.

From 1 to October, the growth of Guangdong's export trade increased by 13% compared with the same period last year, which is zero growth.

Shenzhen only grew by about 10%, which means negative growth.

At the beginning of December, Customs issued statistical data. In November, China's exports decreased by 2.2% compared with the same period last year. China's exports have seen negative growth for many years.

In the face of the depressed market and unpromising prospects, Chinese exporters have tried every means to tide over difficulties.

First, it is to guard against overseas accounting risks.

In the past, compared with domestic enterprises, export enterprises had a characteristic that foreign merchants' credit was relatively good, and the payment of export goods could be delivered in time.

However, after the subprime mortgage crisis in the United States, Chinese enterprises found that the delivery of foreign capital began to delay, or even worse, bad bad debts appeared.

Therefore, enterprises that are continuing to export are putting the risk prevention first, strengthening the credit review of customers, and signing the bill more carefully.

Second, turn to the domestic market.

Although many of the products of export enterprises are cheap and fine in the international market, they are competitive in quality and quality, once they are put into the domestic market.

Some enterprises have begun to pfer part of their products to domestic sales, which has increased their research and development efforts in the domestic market.

Third, strengthen independent innovation and brand building, and continue to expand territory in the international economic and trade market.

At the 104 Canton Fair, some high-tech, high value added new and special products were actively traded and confirmed by foreign businessmen.

This has led many enterprises to see the new hope brought about by pformation and upgrading.

According to the survey conducted by the organizers of the Canton Fair, cultivating brands and developing new special products can enable enterprises to take the initiative and enhance their competitive edge, thus becoming an effective way for enterprises to decline their external needs.

Relevant departments' research also shows that in this financial crisis, we can make a firm foothold in the field of independent innovation.

Zhejiang Shaoxing County Xinle Textile Co., Ltd., in 2003, established a strong R & D team, launching 600 sets of new products in spring and summer and autumn and winter.

When other textile enterprises were left behind, the customers of the company did not decrease, sometimes more than ten times a day.

And the more than 600 new products they display in the showroom, 80% of their prices come from R & D.

Zhejiang Zhongxing shock absorber manufacturing Co., Ltd. has its own R & D center. Its annual investment in research and development accounts for 15% of its profits.

Chairman Li Sunqin said that in the face of the financial crisis, he was particularly fortunate that the company had several independent research and development products, and the company is now ready to invest more in R & D and innovation.

It is not only the business of the government, but also the relevant departments of the government, to help the enterprise government to deal with the export decline brought about by the financial crisis.

Up to now, the relevant departments have been making frequent moves to help troubled enterprises.

The policy measures include raising the export rebate rate of textiles, clothing and toys, and easing credit control.

Officials and researchers from relevant departments, including the Ministry of Commerce, have recently begun to conduct frequent surveys in the Canton Fair, the Pearl River Delta and the Yangtze River Delta, and have proposed more effective measures.

Many experts have put forward many suggestions to urge relevant government departments to step up efforts to ensure the smooth operation of foreign exports.

These suggestions include the following points: first, to strengthen the international economic policy coordination by using the Sino US strategic economic dialogue mechanism and prevent the subprime crisis from spreading to China.

Second, stabilize the exchange rate between RMB and the US dollar and eliminate the pmission factors of exchange rate.

(third) attach great importance to radical trade protectionism in the United States and Europe, effectively resolve trade frictions between China and the United States, ensure stable development of Sino EU trade, and prevent trade policy pmission from subprime mortgage crisis.

Fourth, deepen the implementation of market diversification strategy, vigorously expand the market of developing countries and neighboring countries, and pform the import demand of the US market.

Fifth, strengthen the coordination, flexibility and effectiveness of domestic and foreign economic and trade policies, and enhance the ability to deal with external crises in an open economy.

Yang Jing: editor in charge