LED industry in the growth of trouble: the prospects are good, but the reality is difficult

Gu Shengzu, deputy director of the National People's Congress in charge of the Commission - to guide the vigilance of private capital Sunshine Chinese style subprime mortgage crisis

Nine countries to support the development of small and micro enterprises, causing widespread concern. Yesterday, the National People's Congress Standing Committee, vice chairman of the House Judiciary Committee, said the vice chairman of the Central Committee Gu Shengzu attended the forum 2011 Chu business cooperation and development in Chongqing, the government should further standardize private lending, China subprime crisis alert.

Survival 80% loans from the civil society

2008 is the most difficult year for SMEs, and this year is the most tangled year. "Gu Shengzu said, 2008 is not the order, now there is order to make money. Although before the introduction of the nine countries, the prime minister's investigation is Wenzhou, but the state introduced the policy is not only in the rescue of Wenzhou, but in the small and medium enterprises to save the country. "Gu said that in 2008, when the financial crisis, Dongguan has become the eye of the storm, and now the eye of the crisis in Wenzhou. In the case of monetary tightening, 80% SME loans from private lending, because of the high cost and high risk, which is the lead poison to quench thirst for small and medium-sized enterprises. A series of problems at least let 60%~70% SMEs survive.

Fast money flows out of the real economy

"Now, our country is facing the threat of private capital" hot money ", private finance" usury "," real economy "hollow", "bubble of the whole economy". "Gu Shengzu heavy-hearted said that due to private investment, borrowing disorderly development, serious imbalance in the distribution of interests, is to allow private capital from the real economy, the government needs to guard against Chinese style subprime crisis.

"The first two years of real estate, now speculation money. "Gu Shengzu said, two years ago, he and a Wenzhou boss, the boss of a small commodity processing for one year only earn hundreds of thousands, but his wife a real estate investment can earn tens of millions of years.

Today, lending has become the most profitable way. Gu Shengzu said he had conducted research, in 2002, there are thousands of lighter production enterprises in Yiwu, accounting for more than 80% of the global lighter market share. However, in exports, rising costs, falling profits of the environment, now only Yubailai home, most of the bosses have chosen to speed faster private lending money.

Gu Shengzu said that there are a lot of industry to do the boss of the eyes of the financial market, the industry lost, and then the small loan companies to fill the high profits. Its research results show that the current bank loan interest rate of 7%, the private lending rate is its times as high as ten, Zhejiang up to 180%. At the same time, the flow of listed companies and bank funds also appeared some deviations. At the end of August this year, there are 64 A shares issued 117 entrusted loans, the loan amount reached 16 billion 935 million yuan, an increase of 38.2%.

Standardization of private capital to help the sun

However, this does not mean that private lending must vote veto. Bank loans can not meet the financing needs of SMEs, it is necessary to have a 'side door'. Gu Yi believes that the government should guide the level of private lending to the ground, to help its standardization, sunshine, and even help it become an important sector to promote the development of the national economy.

For small and medium-sized enterprises, Gu Shengzu suggested, first of all to improve the added value of the products; second is to change to the number of winning growth mode, realized by multi to fine change; third, should not blindly scale, better profits do not scale. Finally, to change the attitude of eager to pursue efficiency, to promote enterprise development in the long run.

Sample industry analysis

Scale up earnings down

LED industry growing pains

Since the financial crisis, Germany and Italy, the contraction of the LED industry support, due to the economic downturn in Europe and America, foreign orders dropped, the domestic LED industry growth lower than expected this year, while the junduoli event also reflects the plight of the domestic LED industry. A benchmark enterprise suddenly fell, so that the industry upstream and downstream enterprises have begun to worry about their payment security. Market downturn, LED industry is also facing restructuring.

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