Textile Industry Relief Policy

The "double rate" reduction is a good sign for companies that have been troubled by financing, but the industry believes that this is not enough to bring SMEs out of the cold winter. In the interview with the first Financial Daily yesterday, the head of many small and medium-sized enterprises said that the deposit reserve ratio and loan interest rate cut down synchronously, it is self-evident to relieve the pressure of small and medium enterprises, especially the financing pressure. The government's policy signals to help enterprises are increasingly obvious. "We still need to wait and see whether we can really benefit the business." Ye Zhongping, chairman of Guangdong Bao Li Ya Industrial Development Co., Ltd. believes that the "double rate" decline will reduce the financing costs of enterprises, but it is still difficult for SMEs to obtain loans from financial institutions. For the textile and garment industry, which is concentrated in a large number of small and medium-sized enterprises, enterprises are hungry for the rescue policy. Zhou Shijian, executive director of the China International Trade Association, told our reporter that textile and garment industries have solved a lot of employment. At present, the signal released by the state attaches great importance to the difficulties encountered by textile and clothing labor-intensive industries, and a series of policies will be introduced to support industrial transformation. Relaxation of loans is an important measure. In Guangdong, where SMEs are well-developed, a report on the financing situation of "growing SMEs" recently released by the SME Bureau of the province believes that financing difficulties remain a bottleneck for the development of SMEs. According to the data from Guangdong banking regulatory bureau, as of the end of 2007, the number of credit outlets for small businesses in Guangdong was 84023, only 2.41% of the 3 million 475 thousand households in the province's private economic units. And the balance of loans showed a sharp downward trend. Small business loans accounted for only 3.34% of the total loans of the three categories of institutions, 8.22 percentage points lower than the beginning of the year. This decline in credit for SMEs is still continuing in the first half of this year. "Our enterprise has a certain scale. Because of the mortgage of factory buildings and machines, it is relatively easy to get loans from banks, and some small and medium enterprises around it are very difficult to obtain loans." Zhou Xiaonan, deputy general manager of Ningbo Dunhuang import and Export Co., Ltd. told our reporter that the "double rate" adjustment is still playing a leading role and remains to be seen. Zhou Shijian suggested that the state set up a special SME management bureau to support from three aspects of policy, capital and training. "To play the role of trade associations to accelerate industrial development is also an important way to alleviate the pressure on enterprise funds." Ma Qingxuan, vice president of the China Household Service Committee, said that the Association urged enterprises to join hands and strengthen communication and communication between enterprises. In addition, home garment manufacturers are mainly concentrated in Shantou, and industrial clusters can reduce production, research and development costs.