Faced With Changing Pains, Small And Medium Enterprises Seek To Ease Their Difficulties.

It is not only the stock market that drives the bear.

Since the beginning of this year, the collapse of small and medium-sized enterprises in the Yangtze River Delta and the Pearl River Delta caused by various pressures at home and abroad has accelerated the pace of industrial upgrading to some extent, and even the positive evolution of China's "world factory" has begun, but it has also made many SMEs suffer.

In addition to their own efforts to adapt to the environment, timely and reasonable responses from the central government to local governments at all levels will help reduce the short-term impact of enterprises and local economies and minimize the cost of pformation.

At the moment, "go bankrupt, Guan Zhang, pick up the stalls and retreat..."

Has become a microcosm of the Pearl River Delta foreign trade enterprises, and this phenomenon is spreading from Shenzhen, Zhejiang, Jiangsu and other places to more areas with high dependence on foreign trade.

RMB appreciation, rising raw material prices, rising labor costs and reduced export tax rebates, all of which have played a role in some small and medium-sized foreign trade enterprises this year.

What is more cruel is that the cold winter encountered by foreign trade is fast pmitting to the whole industrial chain. "For export oriented enterprises, we should apply a stock market theory, from last year to this year, all profits will be exhausted, and winter will come."

A person who has worked for many years in the foreign trade B2B e-commerce industry laments.

The latest statistics released by the regional economic division of the national development and Reform Commission (NDRC) on 11 may show that the "heat" of economic growth in the eastern coastal areas is decreasing.

This "1 to May regional economic situation of industrial operation" Statistics pointed out that in 2008, 1-5 months, the added value of industrial production above Designated Size in the 4 regions of the western, northeast, central and eastern regions increased by 19.25%, 18.77%, 20.84% and 15.71% respectively, and 3 regions in the western, Northeast and central regions were faster than those in the eastern region.

"This is related to the adjustment of the country's multiple macro policies."

In an interview with the media in July 13th, deputy director of the China Federation of entrepreneurs, Hu Chi said that he believed that the micro cells of economic growth - enterprises are now under greater pressure from operation and drag on regional economic growth.

In particular, enterprises with a high degree of marketization in the East are obviously regulated.

"The appreciation of the RMB exchange rate, the rise in labor costs after the introduction of the labor contract law, and the rising prices of raw materials have all made life difficult for companies."

Hu Chi said that in addition, tight monetary policy has brought difficulties to the financing and RE development of coastal enterprises, especially small and medium-sized enterprises.

The interest rate is too high, which makes the small and medium-sized enterprises that are getting more and more miserable. "Only the loan interest rate of the special quality enterprises can be obtained at the benchmark interest rate. Most enterprises' lending interest rates should float 20% and 30% on the basis of the benchmark interest rate."

A general manager of the small and medium enterprises department of a Shanghai branch of a Chinese funded bank told the media that he was often unaware of the lack of collateral for SMEs.

It is understood that more and more small and medium-sized enterprises in the Yangtze River Delta region can only maintain their development through private lending. The interest rates of these private loans are generally 4 times higher than those of bank interest rates, and some even 10 times higher.

According to the monitoring of Wenzhou branch of the people's Bank of China, in May this year, Wenzhou's private interest rate, reflecting the relationship between supply and demand of social capital, exceeded 12% of monthly interest rates. This is the highest historical record since 2003.

Because of the serious financial gap, many enterprises have broken the capital chain. At the same time, SMEs are mostly guaranteed by each other, and the debt chain is complicated.

In addition, small enterprises are in a difficult position, making the old industrial chains attached to large enterprises and supporting collaboration broken down, forming a dilemma of "no production and death, and production is fast dying".

Zhou Dewen, President of the Wenzhou SME Development Association, believes that the "prescription" of the manufacturing industry in the Yangtze River Delta should be supported by the central government, and the local governments should help them in practical difficulties.

The support of local governments is most important.

It is noteworthy that the slowdown in economic growth this year and the impeding of foreign trade, especially the financial difficulties of small and medium-sized enterprises, have aroused the concern of management.

In July 13th, Hu Chunli, a researcher with the Macroeconomic Research Office of the National Information Center, told the media that in the second half of the year, the adjustment of credit structure will be focused on the financing of enterprises in economically developed areas. At the same time, the adjustment of industrial structure should be carried out in a targeted way.