The Manufacturing Industry In The Pearl River Delta Is Facing A Crisis.

In October 24th, the people's Bank of China announced the lowering of the benchmark interest rates for Renminbi loans and deposits. For many industries in China, it has already felt the chill of winter.

　　 Internet In the field, Baidu stopped its recruitment, the merger of the US group and the public comment, the integration of Ctrip and where to go. In the field of infrastructure materials, steel, cement, coal, non-ferrous metals, glass and other industries were in a difficult situation; in the light industry manufacturing area, furniture, clothing, ceramics and other conditions were not optimistic.

This year, the Pearl River Delta region has 76 enterprises closed, of which Dongguan accounted for 27, the proportion of over shutting down the total number of enterprises 1/3. From the industry perspective, furniture, textiles, electronics, ceramics and other 7 labor intensive industries have become high incidence industries.

Since October 1st, 8 small and medium-sized enterprises in the Pearl River Delta region have been declared bankrupt, and 2 large enterprises have caused staff disputes because of their business problems.

According to customs statistics, China's import and export value was 17 trillion and 870 billion yuan in the first three quarters of 2015, down 7.9% from the same period last year. Among them, exports were 10 trillion and 240 billion yuan, down 1.8%; imports 7 trillion and 630 billion yuan, down 15.1%.

Wang Yao said, in fact, this year's failure is not a sudden situation, but the accumulation and continuation of the real economy in the previous years, "the industry in Dongguan is more special, may be a core enterprise, there are dozens of enterprises around it, large enterprises one fall, which is a hundred and hundreds of enterprises."

　　 Pearl River Delta There are many reasons for the closure of enterprises. On the one hand, shoes and hats and furniture are labor-intensive industries. With the continuous increase of labor costs, the low cost advantage that used to exist has disappeared. In addition, entrepreneurs in the operation of the lack of brand and high-end direction of the spanformation of the vision, so in this wave of foreign trade economic situation, the domestic economic situation is not particularly good, led to the current situation.

According to the Dongguan Municipal Bureau of Commerce, from the perspective of the Bureau's responsibility, the current foreign-funded enterprises in Dongguan are all normal in terms of scale and quality, and there is no so-called "relocation tide" phenomenon.

Domestic 70% garment processing plants are mainly exported. The biggest impact this year is from competition in Southeast Asian countries.

In Bangladesh and Kampuchea, each employee can earn less than 130 dollars a month, and each worker can produce clothing less than 1000 yuan in wages. But China is different. China's per capita wage is 600~800 dollars / month. From a global perspective, China's manpower cost advantage is gone.

Since 2008, the minimum wage standard of Guangdong (Guangzhou) has increased from 860 yuan / month to 1895 yuan / month, up 1.2 times. The minimum wage standard of two cities such as Dongguan and Foshan also increased from 770 yuan / month to 1510 yuan / month.

BCG's report on the global shift of manufacturing industry released in August this year indicates that the US manufacturing cost index is 96 based on the United States (100). In other words, the same manufacturing cost of the United States is US $1 and China needs us $0.96. The report believes that China's manufacturing industry is facing great pressure, because the cost of manpower rose from $4.35 in 2004 to $12.47 in 2014, or 187%.

　　 Garment industry In China, UNIQLO, Muji, Tokyo style and honeys are slashing orders to invest in China, and have been distributed to Southeast Asia, India and other places in large quantities.

Small and medium enterprises in the clothing industry are more difficult to borrow this year than in 2008. In his view, the failure of enterprises is mostly due to the fragmentation of capital chain. If there is sufficient bank credit, enterprises can get through.

Faced with so many business failures, we can only feel sorry. I think the development of an enterprise must be directed and the direction is chaotic. At the same time, the most important thing is to have enough capital and enough funds to develop.