Us Traders Remiss Zhejiang'S Export Textile Industry.

"I hope that the US rescue plan can play the role of" wound paste ".

After all, many companies in Zhejiang will be heavily influenced by their dependence on exports to the US market.

Mr. Zhou, a foreign trade enterprise in Ningbo, is presented at the Convention and Exhibition Center building.

Recently, the US financial crisis has again become the focus of attention by the US $700 billion rescue plan.

A spokesman for the people's Bank of China has said on the morning of 4, that, in general, the fundamentals of China's economic development have not changed, and continue to move towards the expected direction of macroeconomic regulation and control. The potential for sustained economic growth is enormous.

Nevertheless, some export enterprises in Zhejiang have more or less perceived the US financial crisis.

We are still not sure how many businesses are bad debts and overdue accounts. How many orders are there for US businesses?

But it is for sure that opportunities can be found if there is a proper response.

Before the Zhejiang crisis, 73 cases of the US involved in the United States were reported in September. Due to the outbreak of the subprime mortgage crisis, many enterprises in the United States encountered difficulties in capital turnover. Some of the "Yang Lao Lai" took the opportunity to pass on the risk. They failed to pay their loans on the grounds of bankruptcy, or did not repay or refuse to pay. This made some export enterprises in Zhejiang, a big exporters, very hurt.

Even some export enterprises that have not yet had bad debts have already had a deep sense of crisis.

In the face of the huge losses faced by US exporters, the export enterprises are mostly silent.

"We have been working together for nearly four years. I didn't expect such an unpleasant behavior."

After the reporter repeatedly promised not to publish the full name of his company, Xuan Liang, who had been defaulted on more than 60 US dollars in US dollars by the US buyer, opened his mouth.

Qian Xuanliang, general manager of a well-known warp knitting enterprise in Haining, is obviously unhappy when he thinks about the days when American buyers are in debt.

"Our two companies started to cooperate in 2004, and we used to open accounts for 30 days.

At the beginning, the amount of money was not large. When our products arrived, they could receive the accounts after one month.

After years of cooperation, both sides are very relieved.

Moreover, the order of the other party is getting bigger and bigger. "

At this point, Qian announced some feelings. "In the second half of last year, I did not receive any money from my business in the first half of the year. At first I thought it was a short-term situation and I didn't care.

But over the next few months, there is more and more such arrears.

In March this year, Qian Xuanliang, who had already been defaulted for $600 thousand, submitted a notice of possible loss to China's credit insurance company and commissioned him to intervene in the investigation and recovery.

Qian is lucky to be in a Zhejiang enterprise which is in arrears with US businesses because he insured China's short-term export credit comprehensive insurance.

Those companies that have not been insured will face losses if they encounter US business.

How many export enterprises have encountered bad debts and overdue accounts?

Ms. Zhang, director of the Finance Department of the Ningbo Municipal Bureau of foreign trade and economic cooperation, said that the data had not been counted, so the scope of the impact could not be known.

But at the same time, she said, "it should not be a large area of influence."

Even if it is not a large area of influence, in the economically developed Zhejiang, the enterprises affected by it should not be few. Among them, electromechanical products, consumer goods and auto parts industry are even the worst hit areas.

We tried to reveal the "tip of the iceberg" of the enterprises involved in Zhejiang Province by using a set of data from China's Zhejiang branch. Lin Chen, director of the business management office of the Zhejiang branch of China Export and Credit Insurance Corp, told reporters that in 1-9 months, nearly 300 cases of all reported losses were received in Zhejiang, amounting to nearly 50 million dollars, of which 73 were reported by the United States, amounting to about 18 million dollars.

In the same period last year, Zhejiang received 42 cases involving the United States, involving about $9 million 800 thousand.

Another data that can be referenced is that by the end of August this year, the economic report of twenty-first Century reported that international buyers were backing up. In the first 1 billion months of this year, Zhejiang's export enterprises had bad debts of $US.

In the first half of the first half of 2008, the subsequent impact of the US subprime crisis has become apparent.

In addition to the shrinking purchasing power, it is obvious that American Importers are very sensitive to price.

"They need to buy at a lower price than ever before.

And our export enterprises in Zhejiang are affected by many factors, such as rising raw materials and rising labor costs, which are devoured by profits, but American Importers are reluctant to increase their prices.

Mr. Xiao, a gift dealer in Hangzhou, said it was very distressing.

The negative effects of the US subprime debt crisis have expanded to the consumer market, and consumer demand has declined. The pressure of retailers has directly spread to Zhejiang's export enterprises.

"American merchants' clothing order this year is about 1/3 less than the same period last year."

Ms. Wang, the boss of Yinzhou District Yongfeng's foreign trade, said that, in particular, the order of adult clothing has been reduced more clearly.

Ms. Wang disclosed that one of her US cooperative clients also said he would go to Vietnam and Thailand to find cheaper suppliers.

The Oriental Star holding group in Yiwu, Zhejiang also felt the shrinking of the purchasing power of American customers.

The company that exported cosmetics, accessories and other consumer goods went to the United States in 2005 and 2006 to participate in the exhibition. Once it came down enough for the company's production plan for half a year, it only took one month to a quarter of production plan when it went to the exhibition last May.

We can say that the reduction of orders from US businesses is quite large.

Take Ningbo as an example, in 2007, Ningbo exported $6 billion 675 million to the United States, accounting for 17.45% of the total exports of the country, and imports from the United States 1 billion 597 million US dollars, 8.75% of the total.

Such a large proportion should involve a small number of enterprises.

As an analyst at the comprehensive research office of the Ningbo Municipal Foreign Trade and Economic Cooperation Bureau said, the US led international market atrophy is inevitable.

The financial turmoil in the United States will greatly weaken the economic strength of the United States and related countries, resulting in the shrinking of the wealth of these countries and the decline of market purchasing power, thus affecting the market share of Ningbo's export products.

The opportunity for foreign enterprises to weaken is a good opportunity for the rise of Ningbo enterprises.

Let's take a look at the example of Backman group.

In 2007, they were keenly aware of the decline in demand for clothing in the US consumer market.

According to their analysis, the impact of the subprime crisis on the US consumer market is mainly affected by the middle and low income groups.

They adjust the product structure, reduce the preparation of medium and low grade shirts, and develop high-grade shirts.

The effect is that Backman's export share in the US market remains unchanged.

A company can find vitality from danger, and so does a region.

Mao Xinbin, deputy director of the Research Institute of the international trade and Economic Research Institute and Ningbo foreign trade and Economic Cooperation Bureau, said that although the subprime crisis has brought about negative effects on Ningbo's export enterprises, such as the increased business risk of Ningbo's export enterprises, the reduction of enterprise orders, and the weakening of export price competitiveness, it also has a favorable side to Ningbo's foreign trade economy.

"The financial turmoil in the United States has made many US and European and Japanese enterprises inevitably suffer from shrinking assets, financing difficulties and declining sales. The difficulty of their development is relatively increased and their international competitiveness has been weakened. Ningbo's export enterprises can take advantage of this opportunity to become bigger and stronger, improve their position in the international arena, the right to speak, rule making and product competitiveness."

Mao Xinbin said.

The US financial turmoil has recently reduced the prices of resources, raw materials and energy to a certain extent. Ningbo's export enterprises can purchase relevant commodities at a lower price and less cost, thus reducing the cost pressure of enterprises.

Besides, international investment capital inclining to the safety island is conducive to the introduction of foreign capital in Ningbo.

Compared with other countries, especially developed countries, China is a high investment security plateau, and its attraction to international capital will be further enhanced.

Finally, my policy environment for foreign economic and trade operation is expected to become loose.

Our country also promotes the financing of small and medium-sized enterprises and so on, and gives positive support measures, so as to create favorable favorable environment for enterprises.

At the present time, the bankruptcy of US companies has happened one after another, and the credit crisis is still deteriorating.

In the face of the unfavorable international situation, the people of China's credit insurance company, a policy insurance company, remind exporters that "even old customers need to be mindless."

He suggests that when the international buyers are in the early stage of arrears, they should pay enough attention to avoid the expansion of losses.

At the same time, when looking at the other side's credit record, it is also essential to choose a safe and quick way of settlement.

However, these methods can only avoid the temporary.

Li Huafang, a researcher at the Shanghai Institute of Finance and law, suggested that Zhejiang's small and medium enterprises with low cost and low added value should take the opportunity of pformation instead of waiting for the policy.

If the runway is gone, there may be a way out for another project.

How to deal with the impact of US financial turmoil on export enterprises?

An analyst at the comprehensive research office of the Ningbo foreign trade and Economic Cooperation Bureau has made several moves for export enterprises.

We should do a good job in guarding against the risks of foreign trade and economic operation, especially strengthening the risk prevention work for importers of relevant countries, strengthening credit investigation, settling currency reasonable choices and developing new markets, so as to ensure the steady development of foreign trade business.

East side, west side is lost.

Since the US market is affected, it is better to vigorously implement the market diversification strategy. Enterprises can expand the market in the Middle East, Latin America, Africa, central and Eastern Europe, Australia and other markets which are less affected by the crisis, and fill the stock market with new market increments.

"Export enterprises should also take the initiative to guard against trade frictions and trade barriers.

We must guard against economic nationalism and protectionism that may be triggered by subprime mortgage crisis. The vast number of foreign trade enterprises should actively and effectively adapt to the rules of international trade and strengthen self-discipline.

The person in charge of comprehensive research office of the foreign trade and Economic Cooperation Bureau said.

He also suggested that export enterprises should expand the import of energy resources and technology rights, and enterprises could accelerate the pace of going out.

The subprime mortgage crisis has resulted in the double effects of falling prices of foreign goods and the rising value of the renminbi. Therefore, the majority of export enterprises can build up production and sales bases abroad, acquire overseas resources, advanced technology and management experience, and leap over international trade barriers. Conditional enterprises can merge, buy or buy shares of foreign enterprises, and develop and utilize overseas resources in various ways.