Through Ups And Downs Of Small Micro-shoe

In recent years, the wages of migrant workers in China have a more substantial increase

in the coastal labor-intensive enterprises, costs have risen sharply. The reason is that the one hand, the impact of rising domestic inflation and civil service wages, increased cost of living of the people as a whole, the wages of migrant workers have gone up. On the other hand, with the substantially forward of the rural reform, the improvement of agricultural production, the amount of subsidies, many migrant farmers at home again for agricultural production. Zhejiang Province, to reflect local small micro-enterprise employment gap is generally above 20%. Third Hom encountered by small micro-enterprise is a continuous appreciation of Renminbi.

Since the first quarter of 2011, global inflation, China's coal, oil, power fuel prices rose 10 percent, especially refined oil prices rose by 20%. Coal, oil prices rose sharply at the same time, the shortage of electricity supply, electricity consumption in an average gap of about 30%, some companies due to power cuts normal production. Production prices, small micro-enterprise purchase of raw materials prices rose 10.2 percent, but the product PPI rose only 7.1%. Some business owners pointed out that the cotton yarn prices in 2010 for 20,000 yuan per ton, has now risen to 30,000 yuan, the profit of the production of clothing yet caught up with the trading of raw materials, profits. CICC chief economist Peng Wensheng, expected China's GDP growth in 2012 will reach 8.4%, rising consumer contribution for the 4.5% decline investment contribution is 4.4%, the negative contribution of net exports was -0.5%. CICC believes that the biggest risk of the Chinese economy in 2012 is still external. European debt crisis deteriorated into the global financial crisis, China's exports will be subject to greater impact, while the outflow of capital increase, China's economic growth to face greater downside risk.

Since the RMB exchange rate reform in July 2005, the continuous appreciation of Renminbi, refrain. For pricing of export-oriented small micro-enterprise, with a fatal blow. Appreciation of the renminbi means that China exports to foreign goods either prices or lower their profit margins, the majority of small micro-enterprises chose the latter. The survey shows that the export-oriented small micro-enterprise profits shrink about 2% of the corresponding. For high-profit industry, this may not count as serious can the majority of small micro-enterprise gross margin was very low. The majority of small micro-enterprises in Wenzhou, gross margin was only 3% -5%, the highest does not exceed 10%, net profit is even lower. At present, Wenzhou shoe export orders can not access more than three months, with orders not dare to produce.

Recently, including CICC, Nomura Securities (Asia) and JP Morgan have released the outlook for the macroeconomic outlook for 2012 and A-share market prospects for the future. Of these investment banks, including institutions generally believe that China's economy in 2012 will face greater downside risk.

by: Amanda

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