Central Media Have Clarified Rumors Of Dongguan'S Small And Medium-Sized Textiles And Other Business Failures.

A few days ago, some media reported that Dongguan Su Yi toy company and Ding Jia textile company suddenly collapsed, triggering the public opinion's concern about the survival situation of SMEs in Dongguan.

In August 5th, the people's daily, Guangming Daily, economic daily, CCTV and other central media have clarified bankruptcy rumors in important pages and time periods.

The report concludes that it includes

- phenomenon

The 266 companies are closed to foreign companies.

Dongguan is a famous manufacturing city in the world and a weathervane made in China.

Since August, in view of the changes in the economic field and the conjecture of the "collapse tide" of SMEs in Dongguan, the central media has gone deep into the reports of Dongguan enterprises, presenting the true picture of Dongguan's economic operation.

On the evening of August 4th, CCTV news broadcast took the theme of "Dongguan: breaking the dilemma, breaking through the new path - finding vitality in the small and medium enterprises' crisis". The headlines broadcast the different situations of Dongguan SMEs in the face of survival crisis, and Dongguan enterprises should speed up pformation and upgrading to enhance their market competitiveness.

Reported that Dongguan toy enterprises this year's general cost of the general increase of 2 points, probably in August to 3 corner, business pressure.

It is reported that Su Yi toy factory is one of the 266 foreign-funded enterprises that shut down and move out in the first half of Dongguan. Their common feature is foundry production.

At present, small and medium enterprises such as toy enterprises are shutting down, switching production, closing down and leaving, mainly because they do not have their own brands.

The people's Daily published an important position in the 02 edition of August 5th.

According to the quoted data, labor intensive industries such as textiles, clothing, shoes and toys in Dongguan have increased operating costs and profits decreasing because of the high cost of labor.

This year, the cost of labor in these industries increased by 12.6%, 24.4% and 14.7% respectively, and the total cost increased by 10.8%, 12.6% and 12.4% respectively. The profit rate decreased by 2.5, 0.4 and 1.4 percentage points respectively.

According to Guangming Daily, small and medium-sized enterprises face many difficulties that can not be overlooked while maintaining stable and rapid growth: first, financing difficulties; secondly, profits squeezed; and finally, difficulties encountered in the process of pformation and upgrading.

Economic Daily reporters learned that enterprises generally reflected the following problems: "three shortages" (lack of electricity, lack of funds, lack of funds), "four liters" (rising raw material costs, rising labor costs, rising financing costs, rising RMB exchange rate), which caused greater pressure on production and operation.