Experts Say The "Hollow" Phenomenon Of Wenzhou Footwear Industry Is Exaggerated.

January 5th news enterprise Shutting down and shutting down production, a large number of entrepreneurs have become capitalists, and a large number of hot money have become hot money that is rampage. For a while, reports and discussions about Wenzhou's "hollow" and "excessive financial" industry are overwhelming. Wenzhou businessmen and Wenzhou capital were demonized again, becoming real estate and agricultural products. Price increase One of the culprits.

Is this really the case? Recently, the author made an investigation and interview with Wenzhou for the hollowing out of the industry, and found that although the number of enterprises in Wenzhou was reduced, profit margins decreased and output growth slowed down as a whole, the "hollow" argument was obviously overstated.

After the Plaza Accord, a sharp rise in yen led to a decline in competitiveness of Japanese exports. Since the late 80s of last century, Japanese companies have closed their factories in Japan and moved to Southeast Asia, China and other places, leaving only headquarters and some R & D departments in the mainland, resulting in the rapid decline of Japanese manufacturing industry. The concept of "hollowing out" comes from this.

Several important characteristics of "hollowing out": first, the rapid reduction of employment; two, the serious drop in commercial real estate prices; and three, the serious imbalance in investment structure. In the face of the controversy about whether the real industry is hollow in Wenzhou, we must return to the following facts: where did the former workers go after the closure of some Wenzhou enterprises? What did the original factory buildings do? Where did the original capital flow go?

The author understands that at present, enterprises in Wenzhou are generally short of labor and clothing. Shoemaking enterprises For example, there is widespread employment gap between 10% and 20%, and there is no large-scale unemployment problem among migrant workers. In addition to a slight decrease in 2009, the rent of industrial housing is still up about 5% this year compared with the same period last year. Wenzhou's money comes from the Wenzhou businessmen who go to the Quartet, and the Wenzhou entrepreneurs who set up factories in their own country. The money of the two groups converge in Wenzhou to find common exports, which has created the impression that too much money is spent.

For Wenzhou in the manufacturing sense, it is now experiencing the pain of upgrading and transformation. This is actually the pain of "made in China" transformation. Wenzhou is a sparrow that can be used for anatomy and research in the process of economic restructuring and transformation in China.

The upgrading of manufacturing industry in Wenzhou can be summed up as six words: "change", "transfer" and "transformation". The first is change. Many traditional enterprises have been involved in new industries in recent years. CHINT, which is engaged in low-voltage electrical appliances, has launched AOKANG, a wind turbine generator and shoe maker. Enterprises in a large number of traditional industries continue to develop their original industries steadily, and set foot in the new energy and high-tech fields encouraged by the state. The second one is to transfer the provinces with surplus labor force in Anhui, Jiangxi and Hunan, and attract entrepreneurs from Wenzhou to invest. Take Suzhou, Anhui as an example, it is known that building the central shoe capital has attracted Kangnai, BELLE, Dongyi and other enterprises, and is currently working on AOKANG. The third is transformation. Some garment enterprises unite together, reorganize, and face the domestic market, create brands, make the industrial chain longer, and extend from the low end of the industry to the high end of the industry. At AOKANG, we saw a brand new equipment imported from abroad. When you pass the mat laid on the ground, the equipment automatically records the focus and walking habits of your feet. After stable operation, they are ready to push to the national market, which will greatly enhance the profitability and competitiveness of the products.

The common feature of transformation, transfer and transformation is that the traditional businesses in the local enterprises are still in steady operation, forming a new Wenzhou mode in the period of economic transformation. This way seems conservative, but shows the astute of Wenzhou people.

The shortage of land resources and shortage of talents in Wenzhou make it difficult to develop traditional labor intensive industries. Now that Wenzhou's "hollow" is overstated, the possibility of "hollowing out" will exist in the future. There are two ways in front of Wenzhou. One is to start from the processing industry like Hongkong, and then give up all of them to become a financial service city. The other is to learn from Italy, develop the light textile industry into a fashion industry, maintain the scale of the manufacturing industry such as garments, leather shoes, accessories, and so on, but develop towards the high-end of the industrial chain. The former road is difficult to get through because of the location characteristics and talents and so on, and the latter way is more likely.