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The Number Of Loss Making Enterprises In Hebei's Textile Industry Is Still Rising Sharply.

2012/6/6 18:20:00 27

European Debt CrisisLossCredit Support

Reporter from

Hebei Province

The Federation of industry and economics was informed that the textile industry in the whole province maintained a high speed growth in the first quarter, an increase of 25.74% over the same period last year, higher than the average growth rate of 12.24 percentage points in the whole province, but 120 loss making enterprises, an increase of 22.45% over the previous year, with a total loss of 258 million yuan, an increase of 286.30% over the same period last year. The number of deficit enterprises was nearly double that of last year's total loss.

It is understood that

European debt crisis

The instability and uncertainty of the world economic recovery has been rising. As the main body of the international market, the developed economies such as the United States and Europe have failed to recover, the unemployment rate remains high and consumer confidence is low. These factors have restricted the demand of developed economies for China's textile and clothing products.

In addition, cotton prices have been maintained at around 19500 yuan / ton this year, 3000 yuan / ton higher than imported cotton prices.

The difference between the inside and outside cotton prices has not only increased the burden of the cotton spinning enterprises, but also reduced the competitive advantage of the textile industry in the international market.

In 1-2 months, the price of imported cotton yarn decreased by 15.1%, the number of imported cotton yarn increased by 26.2%, while the number of exported cotton yarn decreased by 19.3% compared with that of the international cotton price. The number of exported cotton garments decreased by 16.2% over the same period last year.

"Financing difficulties and financing also increase the burden on enterprises."

Provincial Textile

Garment industry

Sun Shuqiang, vice president of the association, said: "nowadays, a large number of small and medium-sized enterprises in the textile industry are facing not only financing difficulties, but also the problem of financing.

Most textile small and medium enterprises have poor financing channels, so it is difficult to get credit support. Enterprises that are supported by credit have to face up to the problem of floating interest rate, acceptance of bills of exchange, difficulty in obtaining loans in full and short loan period. The interest rate that enterprises ultimately bear is generally 10%-30% higher than the benchmark interest rate.

At the same time, in terms of employment, the wages of workers were generally raised by 5%-20% last year, and the cost of wages (including management fees) accounted for 5%-10% of the total cost.

Management fees and financial expenses increased rapidly, up 23.27% and 39.02% compared with the same period last year.

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