Source: Yiwu sourcing agent Author: Gary Date: 2008-12-25
Almost at the end of the year, however, the outbreak of the financial turmoil has not made people more and more from the thick atmosphere of the festival showed optimism towards macro-economic situation. While the governments in the previous phase out various measures to rescue the market, but it can not be denied that, from the current situation, the financial crisis brought about by the impact of the crisis is still deepening.
Yiwu in November from the credit market index, the composite index in October was down 1.65 percent, to 106.30 points, in November also dropped by 0.56 percentage points, fell to 105.70.
8 major categories in the index, with the exception of the credit environment index (+5.80%), goods mass index (+0.49%), intellectual property rights index (+1.62%) maintained a slight growth in the rest of the financial credit growth, the quality of the main Fair competition, consumer rights of the five indices showed varying degrees of decline.
Financial Index of credit led to the moon for the first 3 months since the "orange" light
Due to financial institutions for loans to businesses cautious about, not enough private capital active in the economic situation down under the pressure of a small number of corporate funds and even tight chain was broken and bank loan default led to the increase in the phenomenon and other factors, in November Yiwu Financial market credit index dropped to 82.22, up 3.59 percent decrease from the previous month.
Yiwu index in the credit market "YMCI five colors (green, blue, yellow, orange, red) light warning system" for monitoring, financial credit in a row the index has been 3 months since the moon "orange" light.
And because the bank deposit and loan interest rates down at the end of 11, Yiwu-bank loans 66.4 billion, a net decline in the previous month 1,524,000,000 yuan, which led to the bank funds can not meet the needs of business, which to some extent also affected The financial index fell credit.
Exports landslide entity poor economic performance index to grow up "yellow" light
The grim international economic situation and the serious impact of Yiwu's export trade. In November, customs export TEUs for 21,856, 26,105 the previous month reduction in 4249, down 16.28 percent, with the result that the index score of 0.31 from last month dropped to 0.26.
The decline in exports, the degree of outward more than 60% of Yiwu market, as a direct result of a decline in economic entities.
Operation of the market survey of households also confirmed this. Families reflect the general business, corporate profits in November at the situation last month.
In the latest issue of Yiwu small commodity index, the Commodity index from 1056.46 last month fell to 1035.82 this month.
By the economic downturn and national entities, tax-related policies are implemented, the city of Yiwu in November to complete revenue 412,000,000 yuan more than in October decreased by 404,000,000 yuan, one-month decline that is as high as 49.51 percent.
Operation of the market survey of households also confirmed that this month's business meeting last month profits. In addition, small commodity index last month from the month of 1035.82 down to 1056.46.
Credit environment sub-index tends to show improvement in the market's strong recovery
At the national and local governments to take effective measures to promote stable and rapid development, industrial and commercial credit alert rate and other factors, in November Yiwu market credit environment sub-index value of 99.05, representing a 5.80 percent rise in October, though not out of the base period (100 ), Horizontal, but is currently reflected in the monitoring of the situation, Yiwu market, the credit environment is becoming a turn for the better.
This shows that the market in response to a severe test, the development of the firm's confidence in the Yiwu market continues to prove that there are strong recovery.
Experts: confidence to overcome the difficulties of expanding domestic demand and stable development of
Experts commented in November Yiwu market index credit that the government should be fully aware of the financial crisis brought about by the development of the market harm, it is necessary to take active and effective measures, must not be taken lightly. At the same time to strengthen the confidence to overcome difficulties and seriously implement the central authorities issued the expansion of domestic demand and economic growth measures and work together to bring about a comprehensive index of credit growth and performance index started climbing. In particular the financial sector to implement the "National Gold 9" and the "Golden State 30," financial policies to promote economic development, it is necessary to the overall situation and further strengthen the awareness of financial services, and actively carry out appropriate monetary policy to effectively meet the real economy on financial services The reasonable needs of market players to help improve credit markets.
Experts believe that at the same time, industry and commerce, taxation, and other functional departments should continue to strengthen market supervision to maintain the normal operation of the market order and economic development in the face of the difficult external conditions, the pipa rebound, "a new atmosphere of the new market," the market environment for credit Steadily improving. In addition, various types of market players should focus on the Yiwu Municipal Committee of "emancipating the mind, innovation and entrepreneurship" and "the establishment of an international business city," The overall objective of the requirements, with practice, "a policy of a" come up with a practical response to current economic distress Board strategy of the risk for the opportunity to seek greater development.
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