Southeast Asia Grab Orders Ruble Crisis Hit Exports

Import and export data in 2014 set a new low growth rate of foreign trade in recent years.

2.3%, this data intuitively shows the decline of China's foreign trade growth.

Once upon a time, China's foreign trade has experienced two digit growth for many years, with the growth rate reaching 37.1% at its peak.

However, such a day is clearly gone.

As a matter of fact, signs of reduction in export orders have already appeared in the previous two years, and foreign trade enterprises have experienced several years of cold winter.

One of the big reasons is that orders are flowing.

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Quotations from Southeast Asia are particularly low. If I can't give the same offer, the customers will naturally run away.

"Since 2013, the operation of the company has obviously begun to deteriorate."

Gu Li told reporters that once his company raised the price, customers would come up with a lower price list. "These days, the Ministry of Finance and the State Administration of taxation have just raised the export tax rebate rate of some textiles. We have not yet enjoyed the benefits of this policy. Foreign businessmen have come to hear the news and asked her to further reduce the price."

Gu Li said frankly, the price of foreign businessmen has suffered a lot from them.

Export trade

The processing industry has entered a vicious cycle of price war.

However, the increasing labor cost is something she can not change.

In December 15, 2014, the China Industrial Development Report 2014 released by the Institute of industrial economics of the Chinese Academy of Social Sciences pointed out that China's wage level has increased substantially in the past decade and the average wage of manufacturing industry is higher than that of most Southeast Asian countries and South Asian countries. The labor cost advantage has become a thing of the past.

The report points out that

China's wage level has increased significantly over the past decade, combined with the huge increase in labor demand, the implementation of the minimum wage standard system and the reduction of youth labor supply.

According to the statistics of National Bureau of statistics, the average annual wage of employed personnel in non private sector in 2013 was 51474 yuan, of which the mining industry was 60139 yuan, an increase of 5.6% over the same period last year, and the manufacturing industry was 46431 yuan, an increase of 11.5% over the same period last year.

"Since 2010, the minimum wage standard has been greatly raised in most areas of China, and the average wage in the industrial sector has increased at two digits."

According to the report, the average wage of China's manufacturing industry is more than 6 times higher than that of most Southeast Asian countries and South Asian countries.

Cost advantage has become a thing of the past.

In addition, the report cites data from Japan's trade promotion agency from December 2013 to January 2014, pointing out that the monthly basic wage of ordinary workers in Shanghai is 495 dollars, 1.15 times, 2.05 times, 1.88 times, 1.35 times, 3.19 times, 4.9 times, 6.97 times, 5.76 times, 2.2 times, 2.38 times, 2.38 times, and 2.2 times of Kuala Lumpur, Jakarta, Manila, Bangkok, Hanoi, Phnom Penh, Yangon, Dhaka, New Delhi, Mumbai, Karachi and Colombo respectively.

In the multiple role of exchange rate and cost, and constantly being pressed down by customers, Gu Li is somewhat unable to bear.

"The wages of our workers are now around 3000 yuan, up 1000 yuan from 5 years ago.

The profit is getting smaller and smaller. Now it's so hard every day. It's only at the level of profit and loss. If it doesn't get better, I'm really going to close the company. "

Although there have been many times the idea of a company, but this time, her despair has never been stronger.