July Yiwu credit conditions index bright orange warning lights

Yiwu Commerce and Industry Bureau recently released July Yiwu Market Credit Index (YMCI) report shows that, as the international economy gradually out of the shadow of the financial crisis, Yiwu market, foreign trade have become more active in July Yiwu customs export TEUs amount to 53000 than the June increase of 4000. It is noteworthy that the July index of the credit environment continues to decline, the index was 89.88, down 7.59%. According to colored light warning system for monitoring, credit conditions index value of less than 90, will be lit orange warning light.

     【Depth News 】

     Ten Sector Index presents the "five-liter five-down"

     Affected by a series of positive factors, sentiment index for July Commodity 1042.47, up 11.81 over the previous month; July Yiwu Market Credit Index experienced a slight decline in June, after recovering to 118.25. Among them, a growth index from June to July's 132.83 to 128.16, an increase of up to 3.64%, visually reflecting the current economic situation getting better, Yiwu.

     In July, YMCI monitoring ten Sector Index has shown the "five-liter five-down" posture, in which toys, daily necessities, jewelry, hardware, luggage five industries index rose, while the cosmetics, food, sports, arts and crafts, socks 5 types of trades fell by. In addition, intellectual property, product quality, consumer rights protection, fair competition and the quality of the five main index also there are different levels to rise.

     Credit conditions index light orange warning lights

     It is noteworthy that the credit environment in July the index fell in June on the basis continued to decline. It is understood that the continuous decline in the credit conditions index, mainly working with the business end of the annual inspection by the financial crisis and corporate restructuring and upgrading needs of their businesses write-off all the "exposed" them. July total of 423 write-off business, a net increase of 103 over the previous month, corporate write-off the new rate of 1.21 taken from June to July to 1.65. Credit Research Center of Peking University, China, experts pointed out that the credit environment in July decline was understood as the financial crisis on the impact of the lagged response of some enterprises.

     【Sound  Expert 】

     Should improve the environmental mitigation of corporate finance is difficult

     Experts believe that, Yiwu, the better the overall economic situation continues to develop, market credit Composite Index rose steadily, especially in its growth index, mass index of goods and intellectual property rights index to maintain positive growth, indicating Yiwu market, credit is generally good.

     The field of view of the current credit and market problems in the construction, expert advice, marketing departments must in-depth research, observing and understanding the current business write-off more, the new root causes of the decline and take positive and effective measures to enhance the credit market environment, the effective protection of the interests of large business families, prompting the further sound development of Yiwu market.

     At the same time, the face of the central monetary policy fine-tuning, operating households must make early plans to prevent tension in the second half due to funding difficulties and to bring pressure on the operators. Financial, taxation and finance departments must conscientiously implement the State Council issued six new measures to support SME development, SME development to further improve the market environment, credit environment and legal environment, to alleviate the situation of small and medium enterprises financing difficulties and strive to promote the economic, Yiwu the overall sound and fast development.