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Printing enterprises in the Pearl River Delta are the key to overcome the difficulties after October

rising costs and poor turnover of exchange losses

due to the impact of the sub crisis in the United States on export demand, the collapse of a large number of small and medium-sized enterprises in Guangdong, the appreciation of the RMB and the rise in paper and labor costs, an insider of the Shenzhen printing association, who declined to be named, said that 15000 printing industries in the Pearl River Delta are facing difficulties. At present, only Shenzhen has Baihui Large and medium-sized printing enterprises such as Lanxing printing have closed down. With the end of the peak printing season in October, it is expected that a large number of printing enterprises, especially small and medium-sized enterprises, will fall into bankruptcy

70% of our orders are export orders. Due to the appreciation of RMB by 9.7% in the past year, we have lost tens of millions of yuan. The measures taken by the state to combat hot money have also affected the company's capital turnover and exchange rate losses. Zhouzhiqiang, executive deputy general manager of China business United Printing (Guangdong) Co., Ltd., said that since Shenzhen raised the minimum wage standard twice last year and this year, the company's employee wages increased by 15% last year and another 20% this year. In addition, the implementation of the new labor law, the rise in paper prices and the improvement of environmental protection requirements have increased the company's production costs by at least 25%. This increase is also common among other printing enterprises

production costs generally rose by 25%

tanhaohui, President of Shenzhen printing association and general manager of Heidelberg printing equipment (Shenzhen) Co., Ltd., also said that the sharp decline in U.S. demand has led to difficulties for printing enterprises in Shenzhen and the Pearl River Delta whose business is export processing, and the national macro-control policies have also led to the bankruptcy of many small and medium-sized enterprises. He also pointed out that many export processing printing enterprises usually sign contracts with overseas customers one year in advance, but in the past year, the RMB has dropped from 7.60 yuan to 6.86 yuan in mid August last year, with an appreciation rate of 9.7%, which has caused huge losses to many printing enterprises

early signing resulted in a large exchange loss

Chen Jun, the former executive vice general manager of China business United Printing (Guangdong) Co., Ltd. and the current general manager of Shenzhen China Business Security Printing Co., Ltd., also said that since the fourth quarter of last year, the copper paper, book paper and matte paper commonly used in the printing industry have increased by more than 20%, which has greatly increased the production cost. The appreciation of the RMB also caused the former company to lose tens of millions of yuan

In addition, he also said that China reduced the export tax rebate rate of processing trade from 11% to 5% last year. In addition, on July 2 this year, China formulated the notice on the verification measures for the export collection and settlement of foreign exchange to combat hot money. Printing enterprises need to deposit more foreign exchange quota than the customs' statistics into a designated account. Printing enterprises can apply for use only when they have foreign exchange quota, Many export processing contracts have been signed before, and the products have been exported before. Now they are also included in this method, which greatly reduces the working capital of many printing enterprises and will lead to foreign exchange losses caused by the appreciation of the RMB

According to tanhaohui, in the first half of this year, 67000 small and medium-sized enterprises nationwide closed down, of which the Pearl River Delta accounted for a large proportion, which will inevitably affect the business of printing enterprises. He learned from relevant institutions in Hong Kong that there are 70000 Hong Kong enterprises in the Pearl River Delta, and 20000 have been or will be closed down. Zhouzhiqiang said that in the first half of this year, 4000 Hong Kong enterprises in the Pearl River Delta, including Shenzhen and Dongguan, closed down, mostly in clothing, shoe-making, textile and toys, accounting for the majority of printing. Therefore, the shoe boxes and toy boxes that are the main business of packaging enterprises also have no samples to take and place. It is very inconvenient to continue production. Only bankruptcy or bankruptcy

according to insiders, in Shenzhen alone, several large printing enterprises have closed down, such as blue star art printing, a large printing enterprise in Shenzhen, and Baihui printing, a medium and large Hong Kong funded printing enterprise. A professional from Shenzhen printing industry association, who asked not to be named, said that the current business peak of printing enterprises in the Pearl River Delta from June to October when they receive overseas Christmas gift packaging and printing is over. It is believed that a large number of printing enterprises will face the situation of winding up, downsizing or breaking production after this peak

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