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Financing Difficulties Of Textile Enterprises Under Financial Turmoil

2008/12/19 0:00:00 47

In recent days, the state has released the plan to promote nine industries, including

Spin

Industry.

However, what the enterprises are most concerned about is

financing

Problem.

"Banks are unwilling to give money when they hear about textile enterprises."

Wang Zhulin, Secretary General of China Textile Engineering Society, said in December 12th.

Textile enterprises

The biggest difficulty comes from banks.

Credit tightening

。

The society has received complaints from many enterprises.

Jiangsu family

Spin

Feng Shujun, executive vice president of environmental protection and color spinning, a listed company, confirmed that the company was tightened up by the bank at the end of October, resulting in tight liquidity.

"Tightening is due to bank reconciliation.

Spin

Industry is weak. "

According to Feng Shujun, as the price of crude oil has dropped sharply, the cost of raw materials has been cut by 50%.

Spin

The fiber is almost the same level, and the sales scale is a blessing in disguise. In December, we had to add a new production line to deal with the demand for orders.

However, Xia Ke encountered financial difficulties when expanding the production line.

According to Feng Shujun, because of successive textile bankruptcy and bankruptcy, Xia Xia was told by the cooperative bank to tighten credit at the end of October. "The reason is not our business problem, just because the banks are watching the textile market".

      銀行收緊紡織業(yè)的信貸有一定的原因。與江蘇臨近的浙江省,今年以來金雄集團(tuán)、紹興耀龍紡織印染有限公司、江龍控股集團(tuán)、五環(huán)氨綸等當(dāng)?shù)赜忻募徔椘髽I(yè)紛紛陷入困境。而市場(chǎng)普遍認(rèn)為,現(xiàn)在還不是最糟糕的時(shí)候。長(zhǎng)江證券認(rèn)為,我國(guó)龐大的產(chǎn)能決定了國(guó)內(nèi)需求增長(zhǎng)不足以完全抵消外需的衰退,且國(guó)內(nèi)需求也面臨向下的風(fēng)險(xiǎn),因此未來一年將是行業(yè)最困難的時(shí)期。

It is understood that the 104 Canton Fair textile and clothing pactions fell by 23.83% and 27.76% respectively, a record of falling speed.

In addition, the data released by the General Administration of Customs in December 1st showed that in 2008 1-11, China's textile exports totaled $60 billion 409 million, and clothing exports totaled 108 billion 700 million.

dollar

The growth rate was 18.1% and 3.1% respectively, up 2.8 percentage points and 19.1 percentage points respectively.

The growth rate showed signs of accelerating slowdown.

In addition, the impact of the US economic downturn on the EU has been increasing.

Textile and clothing

In addition, the appreciation of RMB against the euro weakens China's textile export advantage to a certain extent.

Ou Zhihang, an analyst at Ping An Securities, thinks that the two export tax rebate rate raised by 3% or 6% at the end of the year will bring 25.84% or 51.69% profit growth to 2009, which will make a great contribution to the textile and garment industry, especially the export oriented enterprises.

However, at present, the most critical problem is that the decline in overseas market demand has led to a sluggish export of Chinese textile and clothing.

In response to the cries of the industry, Li Yizhong, Minister of industry and information technology in December 12th, told the State Council press conference that the Ministry of industry and commerce is cooperating with the NDRC in formulating the revitalization plan for nine key industries. These 9 industries are light industry, textiles, iron and steel, nonferrous metals, automobiles, petrochemicals, ships, electronics and communications.

The state intends to curb and reverse the slowdown in industrial growth through the revitalization plan, and promote steady and rapid economic development.

According to the introduction, there are mainly policies and measures to support key industries: first, to further reduce the burden of enterprises' taxes and fees and ease the cost pressure; two, to increase credit support and solve the financing difficulties of enterprises; three, to start a batch of enterprise technological pformation projects as soon as possible, and to promote industrial upgrading; four, to encourage and support enterprise mergers and acquisitions, improve risk tolerance and international competitiveness.

Editor: vivi

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