Quanzhou Boss Runs New Normal

From nonsense to cable, and a long list of letters breaking and losing contact, it indicates that the lost track will become a new normal for Quanzhou's private economy.

Quanzhou, known as the "private economic zone", has more than 130 thousand private enterprises, and the total economic volume has remained the first in Fujian for 14 consecutive years.

In 2013, Quanzhou's GDP was 521 billion 800 million yuan, ranking twenty-third in the cities above the national level.

The "Jinjiang Department" sports shoes and shoes include Anta, XTEP, 31st degree, PEAK sports, and so on.

Men's clothing brands such as seven wolves, nine herding kings, and China's Li Lang are also from Quanzhou.

Quanzhou is an important footwear manufacturing center in China.

According to relevant media reports, in the 1-7 months of this year, the output value of textile and clothing and clothing industry and footwear industry in Quanzhou increased by more than two digits, and the sales value of textile shoes and clothing industry above designated size increased month by month.

However, even if Anta, XTEP and other brands have seen growth momentum, the whole sports brand is still in a period of deep adjustment.

And the men's clothing brands such as the seven wolves and the nine herd kings are now in trouble.

Due to the slow pace of pformation and upgrading of traditional industries such as shoes and clothing, the pressure faced by enterprises is not small.

"There are more than a dozen big shoe companies and hundreds of anonymous companies."

A chief executive of a medium-sized sports shoes company in Quanzhou sighed to our reporter, "all of them went bankrupt."

"Before and after 2011, a large number of enterprises in Wenzhou and the Pearl River Delta went bankrupt. At that time, Quanzhou enterprises were all right.

We judged Quanzhou to be a few years worse than the two regions in terms of economic development, so the collapse tide would lag three or four years, and the economic operation will begin to appear at this time.

A financial source in Quanzhou told the China Times reporter.

Prior to this, the local government and enterprises agreed that Quanzhou's private enterprises mainly invest in industry, open factories and buy equipment, precipitate large amounts of fixed assets, and local culture is conservative and traditional.

Now, this view is being rewritten.

In the early days, many enterprises invested their capital in real estate, mining and other fields. Later, they lost money, and their funds were tight.

The only way out for banks to raise funds is to go public.

A bank in Quanzhou told reporters that such enterprises often need a large amount of private lending.

Many families

And the quasi listed companies entering the list of discredited and lost contact is an important signal for the industry's in-depth adjustment.

Take the Suo Li shoe industry as an example, its pformation of casual shoes and children's shoes and other fields is also the direction of the pformation and expansion of many sports brands in Quanzhou.

In the case of serious oversupply, some enterprises are doomed to fall.

"I think

It's very normal. How can everyone do so well in an industry? I want to get rid of a lot of surplus, and the economy will be better. "

The bankers said.

At present, the banking industry in Quanzhou has been very cautious about the credit of the footwear enterprises, and the internal banks are facing enormous accountability and examination pressure.