Tuesday, November 16, 2010

Shenzhen is facing financial crisis and a severe test

 As most of China's foreign dependence,UGGs, the most developed cities in the financial ecology, Shenzhen is not only felt the first impact of the financial crisis, is also undergoing a severe test. Shenzhen Mayor Xu said Shenzhen this year, 682 companies cut off, but in Shenzhen the trend of industrial development does not produce disruptive effects of the industrial base of Shenzhen did not shake. news agency reported that the Shenzhen Baoan BEHRINGER, Baoan Peace Mark factories, Tsuboyama a billion toys Shenzhen Co., Ltd., Longgang Kong Sound Electronics Factory, Xili Western clothing factory during the week over a month ago have been bankrupt or closed down. This is only subjected to financial turmoil in Shenzhen, a microcosm. bear the brunt of the real economy does not break my bones at the State Information Office, Shenzhen Mayor Xu organization thirtieth anniversary of the theme interviews, the impact of tsunami on the Shenzhen, including the impact on the real economy, the situation is serious. began a large-scale reduction of production capacity. this year cut off 682 Shenzhen enterprises, mainly by the financial tsunami, RMB appreciation and other factors, can not afford the cost of pressure to close down the international market price competition. Xu said that the closure of enterprises are mainly concentrated in the clothing, furniture, plastic products, metal products, and simple electronics assembly industry, the industrial added value accounted for 0.15% of Shenzhen, Shenzhen trend of industrial development does not produce disruptive effects, did not shake the industrial base in Shenzhen. Financing by the impact of risk in the controllable range of financial crisis on the direct impact of Shenzhen, mainly some listed companies and financial institutions engaged in overseas investment, commodity futures and other derivatives transactions subject to loss. Shenzhen City, deputy director of finance, the press spokesman for the Shaw Chi house, said the larger loss are: Fortis Ping An Insurance of investment losses, Hualian Sanxin petrochemical holding its futures losses involved in PTA, Shennan power blocking oil options trading losses and so on. At the same time, the financial crisis Shenzhen,UGG bailey button, the indirect effects of the financial sector is gradually revealed. the first three quarters of this year, Shenzhen, the total assets of the financial industry was 2.29 trillion yuan, less than one tenth year, the first negative growth; the overall effectiveness of the financial industry was in decline in Shenzhen financial profit before tax of 42.12 billion yuan, down three percent. XIAO Zhi family said that although the relatively developed financial sector in Shenzhen, but the relatively closed domestic financial markets,bailey UGG boots, open to a limited extent,UGG boots clearance, the financial crisis is not directly affected, the overall risk is to affordable. Shenzhen Stock Exchange Vice President Chen Hong said the bridge, the current financial crisis on China's financial sector to a certain extent, but overall, little effect. China's financial system is relatively healthy, relatively strong anti-risk ability, the most important China's real economy has relatively strong momentum and solid foundation, the Chinese economy and self-self-loop is relatively large room for maneuver. 

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