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Rising Labor Costs Will Affect 70% Textile And Garment Enterprises

2011/6/23 13:54:00 65

The head of a textile enterprise listed company said the state

currency

Tighter policy, the reserve requirement ratio has increased by 0.5%. Many banks do not lend to SMEs at all. In order to maintain the normal operation of enterprises, small businesses have to choose high interest loans of three or four points, which is very harmful to enterprises.

"For enterprises, policies should have a digestion process.

All of a sudden, lending to small and medium-sized enterprises stopped lending, which had a great impact on enterprises. Many enterprises had no money to buy raw materials and no money to pay wages.

He believes that tightening monetary policy can also increase interest rates by raising interest rates. The pressure on SMEs is too high. After all, SMEs in the textile industry are more and more. If enterprises get more and more capital from banks, they will have to turn to private lending with high interest rates.

According to the May Wenzhou SME development promotion association data, Wenzhou private lending rate, short-term financing in 1 months is generally 5 to 6 points, more than 3 months in the medium and long term.

financing

It also reached 3 points to 4 points.

In addition, in 2010, the scale of private lending in Wenzhou was around 80 billion yuan, and now it has exceeded 100 billion yuan.

Small and medium enterprises that borrow money from banks do not have to pay attention to private lending.

"For those who have orders, they are in normal operation and should be lending normally."

The listed companies executives said that most small and medium-sized enterprises generally indicated that it was difficult to support, and some of them had stopped production.

In addition to the high cost of financing, enterprises

Labor cost

Is also rising.

According to enterprises in Jiangsu, Zhejiang, Guangdong and other places, factory recruitment is only seven or eight of the previous year, and some even less than 50%.

In the Yangtze River Delta and the Pearl River Delta, wage increases generally range from 20% to 30% this year, showing a continuous upward trend of rigidity.

CIC securities analysis report pointed out that the current labor costs rise 20%-30% will affect the textile and garment industry 70% of the enterprises.