The Danger Of "Dangerous" Orders

Orders, organize production, export procedures, and then pport products to some port or other place in Europe and America. However, at this time, we suddenly found that those orders were missing. Are there any chances to save these goods?

The butterflies in the Amazon forest can lead to a tornado in Texas 1 months later.

In March 13, 2007, NewCenturyFinancial, the second largest subprime mortgage lender in the United States, declared bankruptcy, but after 16 months, it brought joy to tens of thousands of Chinese urban women.

This is like a paradise for Kate, who is keen on buying foreign brands.

At the beginning of June, Beijing was still wet for 50 percent off days. It did not enter the summer completely. She received many E-mail invitations for online shopping discounts from overseas famous brand clothes. They were new products that were not released in 2008, and the discounts ranged from 50 percent off to 20 percent off.

"Not only are all goods new, but also strong."

Kate said: "the feeling of Christmas with the biggest discount every year is almost the same."

The "June promotion", which has been produced in almost every shopping website in China, has been widely distributed.

The reason why "June" is emphasized is that the mid year discount season, which used to let women explode the nature of shopaholic, began in July for many years.

At the end of 6, a large number of international chain brands that were used to selling in China only in August began to enter the discount period in the shopping malls of Beijing and Shanghai at the same time.

Some shopping malls clearly played the banner of "synchronized Europe".

"This year's European garment enterprises will have a discount of two months ahead of schedule," said Cao Xinyu, vice president of the China Textile Import and Export Chamber of Commerce.

The general knowledge of clothing industry is that the 5-8 month is the peak season for clothing sales in a year, and because of the strict standard of discount season in Europe, the general clothing discount will appear in January and July.

It is obvious that retailers will not be able to get a discount in the summer of 5-6 months after sales are booming.

"Now the discount can only explain that the sales are not good at the moment, and retailers are feeling the pressure of funds and eager to return the funds," Cao Xinyu said.

The crisis of international customers suddenly disappeared in the first half of the year, and many Chinese foreign trade enterprises gradually realized the bitter consequences of the economic crisis on the other side of the ocean.

Yang Song is a SOHO family in Tianjin. Since he entered the foreign trade industry five years ago, he has been facing such a depressed situation for the first time.

After several years of hard work, he has already had several fixed customers in the United States, so long as he regularly meets the requirements of American orders, he can find familiar factories and export procedures through affiliated foreign trade companies, and hundreds of thousands of dollars will be paid to his account every month.

But everything has changed since the beginning of this year. "In the past, there were several new customer enquiries or requests for samples every week.

There were fewer and fewer customers who were familiar with customers. In December last year, a client said he wanted to make a list. Until March, I fought for it again and again, and made a little bit of price.

The best I do every year is actually some Christmas gifts, but this year's orders can be described as miserable.

Yang Song was worried that an old customer had ordered a batch of goods and paid a deposit of 30%.

Yang Song has been shipping the goods for half a month. The goods are still in the warehouse of Losangeles port, and the other party's telephone is not answered.

"I don't dare to think about it carefully." a friend once said that his goods had been sent away, and the US customers refused to accept it because the company went bankrupt.

Yang Song was hesitant and had to dial a friend who had been doing this for a longer time.

"My goods have also been sent to the United States, and they refuse to accept it because the customer company has gone bankrupt."

Friends complain on the phone.

Yang Song was dumbfounded and did not expect his friend to be more trouble than himself.

When Yang Song and his friends were in a terrible state, Lin Jiujiang, deputy general manager of the marketing department of China Export and Credit Insurance Corp (hereinafter referred to as "Zhong Bao Bao"), received several reports from several domestic clothing and footwear manufacturers. They were all customers who came out of the insurance company. Their buyers were the same company, a sports brand in the United States. The total amount involved was as high as 5 million dollars.

They, as the brand of the sports brand in China, were rejected at the same time.

The Brand Company explained that because of the sluggish US consumer goods market this year, the company's planned sales plan for the Christmas season could not reach the expected level, so the stock could not be paid on time.

In fact, according to the data released by the US Department of Commerce, the retail sales in the US market decreased by 0.6% and 0.4% respectively in January and February this year, according to the data released by the US Department of Commerce. Durable goods orders decreased by 4.7% in January and 1.7% in February, while factory orders decreased for two consecutive months, while wholesale inventories increased for two consecutive months.

In the economic downturn, Yang Song and his old customers are facing a lot of problems.

Many people began to think of the European market.

Is the world crisis coming?

But the European market is also experiencing a cold spell.

"One of my Spanish clients has worked together for two or three years and has had a good communication. But since July, I suddenly failed to find him. He didn't send an email or phone calls," said Wang Hao, a salesman of a foreign trade company in Zhejiang.

Because the two sides had a very pleasant cooperation, Wang Hao did not insist on allowing customers to pay in advance, but directly contacted the familiar factory production.

Now that the goods are almost ready, the customers disappear.

In China's foreign trade professional forum, "Spanish customers" suddenly became a popular discussion key word. Many people found that customers were suddenly missing whether the goods had been shipped to the port or the order was still under negotiation.

The depressed and downhearted salesmen had to comfort each other, thinking that 7 and August were the traditional holidays in Europe. Maybe the customers went to the seaside for a holiday.

But it's probably not so romantic, and France's credit insurance and credit management services agency said that since January 2008, the Spanish trade arrears have increased by 66%.

"The Chinese businessmen who are now doing wholesale foreign trade are discounted, otherwise they can't sell it," a Spanish Chinese Chamber of Commerce staff told reporters on the phone that the willingness of retailers to continue purchasing was not enthusiastic.

Domino's dominoes are still falling, and customers of the company's statistics show that in Spain's neighboring Portugal, the delay in payments has increased by two times.

In Scandinavian Denmark, corporate bankruptcies rose by 25% since the beginning of the year.

Cao Xinyu's observations were supported by European statistical data.

According to the data released by the European Bureau of statistics, the inflation rate in Europe has risen to 4% in June, setting the highest level since the euro came out in 1999, far higher than the 2% medium-term target set by the European Central Bank.

Even in the most important economies, the inflation rate in Britain, France and Italy has reached or reached 4%, and Spain's inflation has reached 5%, even though the inflation rate of Germany is barely maintained at 3.3%.

In the case of high oil prices and high inflation, the possibility of economic recession has become a hot topic in the European Union.

Even the supporters of the EU monetary policy enthusiasts have to admit that the shadow of the subprime crisis has enveloped Europe.

Like the United States, the first thing to feel the cold is the real estate industry.

Marks&Spencer is the most famous department store retailer in the UK. Sales in the second quarter of this year dropped by 5.3% compared with the first quarter. The company believes that this is due to a decline in market consumption and further deterioration of the situation.

At present, Britain's consumer confidence index is at its lowest level in 18 years, and the wholesale confidence index has dropped to its lowest level in 26 years.

In this situation, the European retailers, who are deep in the mud, are using the "tear sale" to clear up their inventory and speed up the turnover of their capital, so as to delay the supplier's strategy.

Many of these suppliers are from China.

The recession of the world economy is becoming a nightmare for thousands of Chinese exporters.

It is a long time for Spanish customers to pay their debts in Europe.

Depending on the payment method.

If you think the company is in arrears of payment, you can entrust our company to do business account collection.

A self proclaimed "European famous international credit management company" has recently taken the opportunity to promote its "international debt collection service" online.

In fact, in the face of unprecedented wave of arrears, Zhong Bao has also begun to recover its ability of overseas recovery by forcing foreign companies and Chinese manufacturers to sit on the negotiating table to discuss solutions and strive to minimize the losses of Chinese manufacturers.

In the 1-3 month of this year, in the contract business project, China's export enterprises reported losses amounting to US $47 million, accounting for more than 36% of the global trade loss amount, an increase of 130% over the same period last year, an increase of nearly 100 percentage points higher than the global trade loss amount.

In the case of letter and insurance acceptance, foreign companies that have defaulted on loans mostly concentrate on two reasons: first, the market is stagnant and the stock is overloaded; second, money is tight and funds are difficult.

"The US sports Brand Company, for example, was forced to accept a repayment plan when we came to terms."

Lin Jiujiang said that according to this plan, the US side will withdraw all the goods after paying 50% of the goods first.

The remaining 50% of the sum of money, the written commitment of the United States since the beginning of March 2008 instalment, pay 25% of the balance at the beginning of each month, within 4 months of liquidation.

Another customer who has been engaged in aquatic products export has been working with a company in the United States for a long time. But at the beginning of the year, nearly $900 thousand was overdue. The US company had no money to pick up the goods, causing the goods to stay in port.

In this regard, the reason for the US company is that its capital pfer has serious problems: on the one hand, its downstream buyers are hard to finance and unable to trade, resulting in their backlog of stock. On the other hand, the bank loan is tightening, and the company can not get loans to solve the funding problem.

Indeed, not every case can be settled through negotiations between Chinese and American enterprises.

"Because the size of American clients in these enterprises is not large enough, the recession will come down, even if you sit down and talk to you about how to repay the money," he said.

Yang Song said, as far as he knows, the solution to his friend who had been bankrupt by a US client was to take all the losses himself, and then spend tens of thousands of dollars to pport the goods back to China and find ways to deal with it.

There are a lot of small and medium enterprises with a small amount of contract. Because there is no such kind of "collectors" like China's credit insurance company, they have to swallow their bitter fruits silently because of the rejection of goods by various reasons.

However, Lin Jiujiang believes that many people believe that small and medium-sized export enterprises are not fully responsible for most of the risks of export deterioration this year.

The number of reported cases has increased less than doubled when the amount of reported losses has doubled.

"The amount of loss reported in large cases over a million dollars is relatively large, and the case is reported to be a high price."

China's letter insurance said.

The international economic deterioration of China has been hitting the Chinese export enterprises, which are spreading to big companies and big orders.

Perhaps the risks of China's foreign trade industry are far from over.

According to Chinese customs data, since 2007, China's export growth to the US has begun to decline. In the first quarter of 2007, China's exports to the United States increased by 20.4% compared with the previous second quarter, and dropped to 15.6% in the second quarter. After the outbreak of the subprime crisis in July 2007, China's exports to the United States in the third quarter grew by only 12.4%, while the fourth quarter decreased to 10.8%.

At the beginning of this year, China's exports to the United States continued to decelerate sharply, with a negative growth of 5.2% in February.

A leaf falls and knows the autumn.

In July 15th, Spain's largest construction group, Martinsa-Fadesa, filed for bankruptcy protection, the largest bankruptcy case in Spain, and the largest European bankruptcy firm since the subprime crisis.