July, Zhejiang Province industrial economy and exports continued to remain high. Zhejiang Bureau of Statistics recently released data show that this month,
wool blanket, Zhejiang industrial enterprises above designated size increased value of 70.101 billion yuan, an increase of 9.8%, 0.4 percentage points lower than the previous month; completion of the sale value of 342.495 billion yuan, up 16.8% 0.1 percentage points lower than the previous month; industry export delivery value of 87.828 billion yuan, up 13.6 percent, rose 4.8 percent last month. According to the Zhejiang Province Bureau of Statistics, total imports and exports the first half of the province of Zhejiang $ 102.39 billion, up 27% over the previous year. However, there are also reducing the actual increase in exports, the industrial added value to decline significantly, and corporate profits plummeting and other issues. Ahead of the arrival of the peak export From January to July, Zhejiang's economic performance for the overall export growth picked up, heavy industry declined slightly, medium-sized industrial enterprises in growth momentum slowed down and so on. In July, the province's industrial enterprises above designated size of the export delivery value of 87.828 billion yuan, up 13.6 percent, an increase of 4.8 percentage point rise last month. June provinces in the country exports a large drop the case, Zhejiang significant upward trend in exports: in May rose more than 7 percentage points in April, May June, rebounded off than 5.7 percentage points, are high in the second half of August last year after the monthly increase. The reason, the EU REACH legislation came into effect, the expected appreciation of the yuan and other factors make the peak there earlier this year, signs of export. June 1 this year, the EU REACH legislation came into effect, not only will China's exports to the EU increased the cost of more than 5%, but also the cost of imported products from the EU increased by 6% or more. In addition, the business expectations of RMB appreciation and rising costs are expected to increase exports,
wholesale fleece blankets, export orders in hand to pay a single speed, these factors led to the third quarter, which should appear in the export of peak early in the second quarter with a sign export potential worrying. This year, the pace of yuan appreciation continued to accelerate in the first half increase of 6.1%, and last year (6.46%), being roughly equal. Excluding revaluation factors, the first half of this year, exports increased by only 14.7% over last year, down 8.2 percentage points, if we consider the price and other factors, the actual increase in exports lower. Zhejiang export growth fell a greater impact on industrial production, export delivery value of industrial scale during the first half increased 12.4%, down 11.5 percent year on year increase, the sales value of the contribution rate increase of 25.4% over the same period last year dropped to 16.7%. Currently, the export performance of enterprises, Zhejiang Province, compared to the end of the year has decreased. 1-5 months, the province's export performance of enterprises 28000, less than 759 last year. Many import and export enterprises reflects tight liquidity and capital cost pressures increase, leading to absorb the cost increase is very limited space in the international market under the conditions of low switching costs through price increases more and more difficult. The Bureau of Zhejiang Province, said an analysis of materials is expected in the second half of Zhejiang's foreign trade is still facing a more severe situation, the export growth rate will fall further, the effectiveness of exports will fall further. annual export growth is expected to more than 20%. Traditional manufacturing worrying Correspond with the foreign market, Zhejiang growth momentum is not optimistic. In July, Zhejiang and medium-sized industrial enterprises in the growth rate slowed, the province's total industrial output value of the contribution of 31% from the end of last year dropped to 27.5% in July, the contribution of exports of 33.3% from the end of last year dropped to 28.2 %. where the added value of heavy industry was 39.427 billion yuan, up 11.6 percent, 0.9 percentage points lower than the previous month; light industrial added value of 30.674 billion yuan, an increase of 7.5%, unchanged from last month. January to May, Zhejiang enterprises above designated size industrial growth rate down 3.1 percentage points larger than the national growth rate ranked No. 25; profit lower than the national growth rate of 6.8 percent, ranked No. 21. According to the Census and Statistics, Zhejiang Province, Zhejiang traditional manufacturing growth in the first half of the number decreased by 10.9% over last year, such as Wenzhou shoe industry, leather industry, Jiaxing, Ningbo garment industry, Taizhou sewing equipment industry, have set up a new number of different levels significantly reduced the number of deaths revoked significant increase in corporate profits plummeting and other difficult situations. Analysis of materials, Zhejiang Province Bureau of Statistics said the current economic operation, there are many problems, such as the three major demands of pulling power for economic growth weakened, after deducting price factors, the actual increase in less than 10%, less than three consecutive years and a half GDP growth over the same period; market prices continue to run high, enterprises are struggling to increase; resource elements are obvious constraints, land acquisition and project hard landing still existed. In this regard, Zhejiang Governor Lu Zushan publicly pointed out that with the rise in labor costs and energy prices superposition of two factors, the profit margin is only forty-five% of the enterprises,
fur blanket, the profit has been lost. With the further increase in pressure of RMB appreciation, trade protectionism, the growing prevalence of Zhejiang's foreign trade enterprises will be more sad days.
