[Abstract] As the financial crisis triggered by declining external demand led to many small and medium-sized enterprise funds Hometextile tightening chain. On the one hand, small and medium-sized textile enterprises to break even more urgent problem of financing; On the other hand, increasing financial risks, banks are experiencing the phenomenon of credit crunch. Even as the rich-Ni Hua such export situation, financial status and credibility of the situation of relatively small and medium-sized textile enterprises, but also very much a headache as a loan.

From labor, raw material costs rose to the appreciation of the renminbi, from the U.S. sub-loan crisis in the international financial crisis. The deteriorating economic environment, on China’s textile industry is being adversely affected the spread and deepen, the severity of the far exceeded our expectations. Although the government has introduced a number of favorable policies, the performance of textile enterprises are facing downward pressure continues to increase, many companies funding chain breakage may occur at any time. Outlook 2009, the Hong Kong Fu Ni Hua Textile Co., Ltd general manager Lin Chin-Hung reminded Hometextile counterparts: 2009 textile enterprises, it will not be better than in 2008, operators must be careful, do not read momentary cheap.

“2009 will not be easy”

The international textile market conditions continue to deteriorate, the domestic market and recession

Ni-rich textile products China exports 80 percent, 20 percent domestic. In 2008 compared with 2007, exports and domestic sales of the overall level. In the export-oriented textile enterprises, it can be considered better efficiency of enterprises. However, “international buyers of funds (including the Middle East) situation of bad credit more widespread phenomenon, resulting in the international textile market conditions continue to deteriorate.

Domestically, although the Government has adopted a first series of measures to boost domestic demand, stimulating domestic demand as a result of these initiatives are aimed largely investment-led mainly to the stability of people’s confidence in the stability of the economy will play an immediate effect on stimulating consumption will have immediate effect . In addition, domestic employment situation is grim situation, the residents like the current income

Bank credit crunch, textile enterprises are subject to the risk of capital-strand break

The central finance in 2008 to further increase support for SMEs, the SME Development has organized a total of 5.11 billion yuan of special funds. These special characteristics of the financing arrangements for the largest, is closely the economic development of the current situation, the difficulties in exporting large numbers of small and medium-sized textile industry and Wenchuan earthquake hit small and medium enterprises as a special fund to support the focus.

As a result, the financial crisis triggered by declining external demand led to many small and medium-sized enterprise funds Hometextile tight chain. On the one hand, small and medium-sized textile enterprises to break even more urgent problem of financing; On the other hand, increasing financial risks, banks are experiencing the phenomenon of credit crunch. Even as the rich-Ni Hua such export situation, financial status and credibility of the situation of relatively small and medium-sized textile enterprises, but also very much a headache as a loan. “In the past two or three individuals to sign a few days will be able to run down the loan, and now has to go through six or seven people signed the document, not a month’s time will certainly be able to get; assessment of past loans are banks take the initiative to organize, and now must run by the enterprise itself. ” Lin told reporters that the total.

Small and medium-sized textile companies how to do?

Doing things to be careful, the pace of a smaller cross

Today, Ni Fu-hua’s “day” for the reason why some better life is the result of the company always adhered to the “do things carefully, the pace of cross-too small” ideas and methods of work. For good or bad reputation not sure Hometextile buyers, Ni Hua Fu shipments shall never buy on credit; good for the credibility of the old customers, the largest credit only a single shipment (about 30-40 million yuan).

According to Lin total, due to work carefully, the company in 2008 production steady, with the exception of nearly a month earlier than the Spring Festival holiday, remained normal in the scale of production.(beyond) the staff will return, the company started production on schedule.

Operators to be careful, do not read at cheaper

“No matter how much the list price is very high, companies should not blindly orders.There is no good! Operators must be careful, do not read at cheaper.” This is the lam of the total in the New Year Message of Hometextile colleagues say.

I hope the local government

“I hope local governments and related agencies, pay more attention to our small and medium-sized textile enterprises, to help enterprises and banks to coordinate matters relating to loans to reduce the number of loans links, especially for the credibility of good small and medium enterprises, helping them out of their predicament.” Lin total final appeal.