Shoe enterprises

But there are more small and medium-sized shoe companies in all regions.

In the most difficult year of 2011, due to the difficulties of financing, higher labor costs and large fluctuation of raw material prices, the survival environment of small and medium-sized shoe enterprises is deteriorating and difficult.

scarcity of money

"This has led to financing difficulties for small and medium-sized shoe companies, and many small and medium sized shoe companies have seen yellow lights on their capital chains.

After the banks tightened their money, the scarcity of credit resources forced many small and medium-sized shoe companies to turn to private lending funds, and the interest rate of private lending raised by the small and medium sized shoe companies encountered unprecedented challenges.

The rising cost of financing has made the small and medium-sized shoe companies that are already under multiple pressures even more breathless.

Indeed, because of the difficulty of financing, many bosses have to choose usury.

Although it solved the urgent need, it soon fell into a more serious "shortage of money" dilemma.

Wenzhou

In Taizhou, Quzhou and Ningbo, there appeared more obvious "run away" events among small and medium-sized shoe enterprises, especially in Wenzhou.

According to incomplete statistics, in August, there were at least 20 more borrowers in Wenzhou.

For this reason, the experts are pessimistic to predict that if the external environment is not improved, 20% of the domestic small and medium shoe enterprises will be half closed down, shut down or even closed down in the second half of this year.