Who is the real bankrupt? Survey of Private Enterprises in Zhejiang – the private economy, Zhejiang, Wenzhou – Electrical industry
"This is not the first crisis we face, it will not be the last, but not the worst." Wang Jianqiang (a pseudonym), 46-year-old, Zhejiang Wenzhou. May 2009 mid-day, he operated a clothing factory has received from the African country's apparel orders. See more exciting information
"This is not the first crisis we face, it will not be the last, but not the worst." Wang Jianqiang (a pseudonym), 46-year-old, Zhejiang Wenzhou. May 2009 mid-day, he operated Clothing Processing plant has received a from the African country's apparel orders.
"The actual situation better than we had expected." Wang Jianqiang told reporters that since September 2008 Financial Since the outbreak of large-scale crisis, "closing down", "bankruptcy" in Private shopping district became the most popular words, "almost every day mentioned in the ear or are familiar with the closure of factories closed." But the 2009 years since opening, especially in March after news like this land of snow, warm weather, gradually melting away.
"Zhejiang, Wenzhou, in particular, in a short period of 20 years became the vanguard of China's economic development, private economy contributed to its viability can not be underestimated." Wang Jianqiang frankly.
"2009 years of 12 quarter or private enterprises will be the critical juncture of life and death." By the end of 2008, Peking University, Hai Wen, vice president, said to this reporter's interview, the foreign trade export-oriented private enterprises , order number to determine its viability.
2009 5 months, the time window. At this point, the living conditions of small and medium enterprises in Zhejiang Private How? The export data hidden behind what really tricky? Just how difficult the financing of these enterprises? Exploration of deep value.
Reporter last few days, in-depth internal Zhejiang Private Enterprises, private visits, private financing channels in Zhejiang province, Zhejiang, visited several local shopping district are to restore the financial turmoil in the small and medium enterprises in Zhejiang the most realistic.
Who is really bankrupt? Reporter in-depth survey found that this crisis, the real chain of bankruptcy or severe financial problems are mainly three types of companies, not so much the main reason for its bankruptcy from financial crisis, not as a result of its own business various shortcomings in the financial crisis, business has been enlarged to 11.
Early in 2008, the financial crisis spread gradually, a rumor began to spread: 20% of small and medium enterprises of Zhejiang have closed down, only temperature and Taiwan would have closed tens of thousands.
Actual situation really so bad it?
"We are at a loss before the suspension of the active close." Shaoxing in a private Textile Ryu gave away where business owners tricky, "laid off" and "bankruptcy" essential differences exist. According to Ryu
introduced earlier in 2008, under the persuasion of friends, comprehensive consideration of the prevailing trend of economic operation, and where the textile industry will soon face a crisis, Liu decided to suspend the plant operations.
"At that time the textile industry, export large decline, but the cost does not fall but rise, and we are more than 90% products are for export, when companies are facing losses." Ryu told reporters, own business is not large, most of their money and relatives and friends, so not much financial pressure, so their choice at that time closed to a loss of a little respite while you can, while observing changes in the economic situation. Second, you can choose machine and change to Other Goods producing industries, especially the transformation of domestic demand.
"Private enterprises and state-owned enterprises, foreign-invested enterprises compared to the market reaction is more sensitive, more flexibility to adjust the financial crisis, market pressure caused by the face of state-owned enterprises not closed off to foreign companies the customs, many private enterprises in Zhejiang were selected according to the market to adjust business strategy, not lay-off closure taken to market ability, limiting production and other measures, production is more biased in favor of quick fix.
The e-commerce company in China offers quality products such as china CRS-TESTER , CPR-1000 Current Probe Reader, and more. For more , please visit repair test equipment suppliers today!
Processing your request, Please wait....
