Debt Snowball Is Getting Bigger And Bigger, Endangering Shishi Textile Enterprise

The Spring Festival is a traditional Chinese day of great joy, but many of the stone lions owners are still worried during the Spring Festival this year. They have racked their brains to get money owed by others for years.

Debt collection has become the biggest headache for many bosses.

In recent years, business is hard to do. It is a fact that Shishi bosses believe that the most difficult thing is to urge money before the Spring Festival. Debt has almost become a common problem in the business community. Creditors are low and the debtors are arrogant.

The boss mocked himself, calling for debts to turn Huang Shiren into Yang Bailao.

It is a choice for the bosses to be forced to collect debts on their own premises. A boss owes two yuan to 1 million yuan, which has been in excess of two years.

One of them owed 200 thousand yuan, and when he reached a partial repayment plan, the other party reduced the 100 thousand yuan repayment amount to 80 thousand yuan before the first year.

The creditors are reasonable, paying back debts, it is natural and reasonable that they are old debt for many years.

The excessive way of pushing debts is escalating.

The debtor is also right. "Do you owe hundreds of thousands of dollars?"

I don't care about millions.

In the past, Shishi businessmen were owed money by others, and even on the eve of the night, they had to rush through the lanterns to collect money until the chickens were called in the morning.

But the modern debtor said, that is the old imperial calendar. At that time, it was a small business, and a small sum of money was good. Now, millions of people are small, and tens of millions of them are everywhere. Who can raise so many funds in the short term?

Besides, is it not the global financial crisis?

Otherwise, you will not owe so much money. The financial tsunami has become the most popular excuse for declining or delaying repayment.

The Shishi lion has a long debt chain in its business, and the clothing distributors - production plants - cloth - dyeing factories - dye and dye manufacturers, as well as accessories manufacturers, distributors, raw materials suppliers and so on are all a knot in the debt chain.

A brand clothing enterprise originally planned to retain only 5 million yuan arrears a year ago, but the arrears that have been fixed up to more than 30 million yuan are not recovered until a year ago.

Some bosses were so short of temper that they had to fly away to open up new markets.

How many years old debt is there in the business?

No one can count it. It's a surprising number anyway.

The debt situation is all over the country and around the world, but the Shishi people confesses that this is the most serious place, and the debt snowball is getting bigger and bigger.

Objectively speaking, the prosperity of Shishi's industry and commerce is directly related to the debt economy, especially in the early stage of the reform and opening up of Shishi.

But now, everyone hates and curses, but he has to make others owe and he has to owe money to others.

Owing to its long history and complicated situation, it is a "malignant tumor" in the economic development of Shishi, which is seriously hampering economic development.

In recent years, some industry economic organizations and trade associations have fought many times in arrears, and have achieved partial or phased results.

It is said that new settlement methods are being planned in the market to mitigate the impact of arrears.

One day, Shishi's bosses will no longer be busy with the Spring Festival rush, and will enjoy a stable year.

Wang Xiaonan: editor in charge