Mainland China Investigates Six Major Concerns Of Textile And Garment Industry Operators

Chinese Mainland Spin The Federation of entrepreneurs and the China Textile Industry Association Statistics Center jointly issued the seventh phase of the survey report on textile enterprises in mainland China in mid July. The report shows that the six most important concerns of business operators are as follows:

1. Raw material prices fluctuated: 80% of the surveyed enterprises thought the profits were subject to the current period. raw material The effect of price fluctuation will be reduced.

Two, the impact of RMB appreciation: 74% of the respondents believe that the appreciation of the renminbi will reduce the current profit.

Three, the impact of export tax rebates: nearly 95% of the surveyed textile export enterprises believe that if the export tax rebate rate is lowered, it will impact the production and operation of enterprises, which considers that the impact is greater than 60%. The survey shows that under the current operating environment of multiple pressures, enterprises believe that the export tax rebate policy should be stable.

Four, labor Rising cost

95% of the surveyed enterprises indicated that the current wages were higher than that of the same period last year, of which 46.2% of the wage increase was 10%~20%, accounting for 28.8% of the increase of 20%, and the overall industrial labor cost rose significantly.

85% of the surveyed enterprises indicated that there was a lack of work, accounting for 31.6% of the enterprises with more than 10% of the labor shortage, especially in the clothing industry with relatively labor-intensive labor, accounting for 48% of the total number of workers who lost more than 10% of their jobs.

Another 70.7% of the surveyed enterprises indicated that the most serious shortage of workers was first-line operators, followed by technology and R & D personnel, accounting for 36.9%. The main reason why the enterprise reads the labor shortage is that 74.5% of the enterprises express the change in the employment concept of the 80/ after 90 students; 49.3% of the enterprises think that the migrant workers return to their hometown to create a labor shortage; 44.6% of the enterprises indicate that the technical requirements of the job shortage are getting higher and higher, and they are not easy to recruit to the suitable workers.

With regard to the impact of labor shortage on enterprises, 73.9% of enterprises believe that the cost of employment will be increased and profits will be relatively reduced. Another 40.1% of enterprises believe that the shortage of workers will result in insufficient operating rate and the order can not be completed on schedule.

Five, the power restriction effect: 66.5% of enterprises indicated that the production operation was affected by power limitation, especially the small enterprises were affected more, 85.9% of the small enterprises were restricted by the production of the film. Besides, the proportion of enterprises affected by the eastern and central regions was significantly higher than that of the western region.

Six, financing: at present, mainland China's financial sector has a one year basic lending rate of 6.56% and a bank deposit reserve ratio of 21.5%.

33.9% of the surveyed enterprises thought that the funds were tight during the current period. Small enterprises thought that the proportion of capital shortage was higher than that of medium and large enterprises; the enterprises in the central and western regions had higher financial stress; the proportion of financial strain in cotton textile enterprises was 41.7%, while that in Ma textile enterprises and industrial textile enterprises was more than 50%.

In terms of financing channels, 96% of enterprises will choose bank loans first and choose 16.6% of private lending. The proportion of other financing channels is relatively low. It shows that there are not many channels for enterprises to finance in mainland China. The proportion of small enterprises in private lending enterprises is higher than that in large and medium-sized enterprises. The proportion of enterprises in the western region is higher than that in eastern and central enterprises. The private financing loan interest rate is higher than the bank benchmark interest rate of 71.8% of the respondents, 27.1% of the respondents said that the private lending rate is higher than the bank benchmark interest rate by more than 20%.