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Zhejiang Released Data: Refuting Rumors About The Mass Bankruptcy Of Small And Medium-Sized Enterprises

2008/7/23 0:00:00 91

The survival situation of private enterprises under domestic and foreign difficulties is worrying, which makes Zhejiang, a large province of "private economy", frequently focused recently. Yesterday, the statistics released by the provincial statistics bureau showed that in the first half of the year, the province's economic operation was "generally stable", with GDP growing 11.4% year on year. Wang Jie, spokesman of Zhejiang Provincial Bureau of Statistics, denied the rumor that "a large number of small and medium-sized enterprises in Zhejiang have closed down", saying that "the number of enterprises has not changed significantly".

The survival pressure of small and medium-sized enterprises in Zhejiang is prominent under the interweaving of multiple factors such as macro-control. According to the statistics of the provincial economic and trade commission, from January to May this year, there were 10700 enterprises above the designated size that suffered losses, with a loss of 19.6%. The news of "20% of Wenzhou's small and medium-sized enterprises stopped production or half stopped production", "Yiwu Jinwu Group's boss avoided debt overseas", etc., made the fate of Zhejiang's "grassroots economy" even more complicated.

The "semi annual report" data gives Zhejiang a reassurance. Statistics show that in the first half of the year, the province's GDP was 988.9 billion yuan. Although the year-on-year growth rate dropped by 3.3 percentage points compared with the same period last year, it still grew by 11.4%, 1 percentage point higher than the national average; CPI rose 7.4% in the first half of the year, 0.5 percentage point lower than the national average. The first half economic situation analysis meeting of the Standing Committee of the Zhejiang Provincial Party Committee held the day before yesterday (21 days) gave the evaluation of "stable growth and positive change", and "continued to develop in the direction of macroeconomic regulation expectations and development mode transformation".

As for the statement that "a large number of small and medium-sized enterprises in Zhejiang have closed down", Wang Jie, a spokesman of the provincial statistics bureau, responded that "it is not accurate". "As far as I know, it is true that some small and medium-sized enterprises have stopped production and half stopped production, but it is suspected that many small and medium-sized enterprises have closed down, which will aggravate the problem". He said that by the end of June, there were more than 50000 industrial enterprises above designated size (with sales revenue of more than 5 million yuan) and 785000 industrial enterprises below designated size in Zhejiang. "The number was basically the same as that of the same period last year, with no obvious change."

However, the life of private enterprises in Zhejiang is really difficult. The data shows that in the first half of the year, the main business cost of industrial enterprises above the designated size in the province accounted for 87.6% of the revenue, an increase of 0.3 percentage points year on year; In the second quarter, the entrepreneur confidence index and business climate index were 122.4 and 131.5 respectively, down 22.7 and 23.3 points year on year, both lower than the national average; The enterprise financing prosperity index fell into the "recession" range, which was 98.5 in the second quarter, down 22 points year on year. 22.3% of SMEs felt financing difficulties.

"Small and medium-sized enterprises in Zhejiang are particularly sensitive to previous macro-control and are more affected," said Wang Jie. The current difficulties of small and medium-sized enterprises are related to many factors, such as the rising cost of production factors, the adjustment of export tax rebate policies, the US subprime mortgage crisis, and changes in the domestic demand structure. "But I believe that small and medium-sized enterprises can finally overcome the difficulties." According to the introduction, Zhejiang has set the general idea of economic work in the second half of the year as "treating both symptoms and root causes, maintaining stability and promoting adjustment", and will introduce a series of policies to "rescue the market" in terms of financial security, technical transformation support, assistance to enterprises in difficulty, and improvement of investment environment.

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