Source: Yiwu sourcing agent Author: Gary Date: 2011-08-01
he news of "Bankrupt tide" in Guangdong Dongguan and Wenzhou spread like wildfire.
"Enterprises of Yiwu are still good. Seeing from monitor, we did not see the tension of financial chain in 2008 when it has financial crisis.There is no "Bankrupt tide"."Yesterday,the deputy director general of Jinhua Banking Bureau and director of Yiwu representative office,Xu Jie said
Journalist confirms his word in Yiwu Economic Development Bureau.The newly-published "The analysis of Yiwu industry economy operation in the first half year of 2011" shows that,according to the accomplishment of main economic indexes from January to June, the industry economy operation of Yiwu has come back to the common situation before financial crisis.It increases steadily overall.
It is known that this "Bankrupt tide" is related to the change of macro-economics environment since last year.The tight money condition and increase of material, staff salary make middle and small enterprises difficult to finance.And the production cost is always high.These make middle and small enterprises hard to move forward.
Enterprises in Yiwu are not difficult to finance
A report which is published newly by National association of industry and commerce shows that currently , it is very difficult for middle and small enterprises to finance.The data shows 90% enterprises do not have any creditor relationship with bank.The non- loan rate of tiny enterprises is 95%.
Prev:538 villages in Yiwu are renovated Next:Yiwu railway station to Pujiang bus line started