At the end of the month, Hejun Group, known in China as one of the world's largest toy OEMs, announced the closure of two factories in Zhangmutou Town, Dongguan.
It became the first case in which a Chinese company went bankrupt due to the financial tsunami!
The toy industry is one of the eight pillar industries in DZ City.
As a typical labor-intensive export industry, it is facing more and more difficulties and challenges under the pressure of increasing labor costs year by year and increasingly stringent industry standards.
If there had been no financial crisis, companies might have been able to overcome difficulties and continue to survive and develop by reducing costs and improving quality.
However, the financial tsunami destroyed the global market in one fell swoop, making it difficult for many similar export-processing companies to survive.
And this is just the tip of the iceberg of the financial crisis.
In 2008, China's foreign trade dependence reached 60%.
Among the three GDP carriages of investment, consumption and export, export undoubtedly plays a huge role.
However, the occurrence of the financial tsunami is almost equivalent to stopping the export carriage.
According to statistics, there are currently about 5,000 migrant workers in Jiang County working in the Pearl River Delta and Yangtze River Delta.
I heard that many migrant workers who had not been back to their hometowns for more than ten years were on their way back home in early November.
Aunt You Fengxian's daughter and You Yu's cousin Fang Haiqin and his wife are representatives of migrant workers returning home.
The day after the couple returned to their hometown, they took their 4-year-old son Youyou to see Grandpa You and Grandma You.
Fang Haiqin had talked to her mother on the phone before, and she only heard that her cousin's industry was developing very well, and seeing it was better than hearing it a hundred times.
The moment she saw You Yu, Fang Haiqin couldn't believe her eyes!
Is this the same greedy and willful cousin from before?
With her temperament, she is even more stylish than her former boss of the foreign trade company.
In less than half an hour of chatting with them about daily life, four people came to her to report on their work. When they were arranged, she could only say "submit" in capital letters!
Her grandmother (Grandma You) is in better spirits now than she was a few years ago, and the old lady's food and clothing expenses have improved by more than one level.
In You Yu's eyes, the temperament and character of the cousin and his wife are comparable to those of his aunt You Fengxian.
He is an honest and stupid person, but he still has filial piety. He bought high-calcium milk powder and fruits for the elderly to drink for my grandparents. The price is not cheap.
He was not even the slightest bit better than her biological brother.
While chatting about home affairs, I carefully asked her if there was any job suitable for the couple in the fruit and vegetable company, regardless of job position and salary.
However, both of them grew up in the county. One of them cannot farm, and the other is that they have limited academic qualifications and cannot play with computers.
You can't let young and strong young couples do the quality control work that old ladies can do, right?
"Sister Qin, don't worry, let me think about what is suitable for you two. After we move to the industrial park after the year, there will be more jobs."
The big boss arranges the work himself, what else do the two of them dislike?
After seeing off her cousin's family, You Yu quickly gave Ding He a recruitment task.
The industry is difficult and the Internet is still exerting its force. They also want to see if they can recruit some e-commerce talents with experience in the industry at this juncture.
After a few young men returned to the county e-commerce office at the end of the year, the e-commerce company was short of people again!
On one side, a large number of urban migrant workers are unemployed, and on the other side, rural enterprises are still struggling to recruit elite talents.
Deformed and helpless!
In response to the financial crisis, on November 5, the State Council executive meeting determined ten current measures to further promote economic growth and leveraged 4 trillion yuan in funds to leverage domestic demand.
A value-added tax transformation plan was also announced to reduce taxes by more than 120 billion yuan.
In the real estate field, "bailout" has become the main theme of real estate regulation, with taxes, fees, and rates all falling.
However, bad news came one after another in the agricultural industry, and the international high-end fruit and vegetable market prices once halved.
The Sakura Country and ASEAN countries are the main destinations for Chinese vegetable exports.
At this moment, it is the season for the early-maturing ink sprouts from Yougoubian Village to be on the market.
Every year, Youyu negotiates with customers before setting the price for mossong.
The growers who knew that the international market was not optimistic were frightened, especially the seventh production team that planted the most.
One thousand acres of early-maturing mossong, this production team alone accounts for 80% of the total!
The whole village regards You Yu as their backbone, and people come to her every day to ask for the latest news.
As in previous years, You Yu randomly inspected the early-maturing moss sprouts and sent the test reports to each client company.
The reply from old friend Ichiro Watanabe is as prompt as ever, and Xinghao Group’s order volume this year has not decreased.
Then, Mr. Huang from Hong Kong City placed an even bigger order, and ladies from Hong Kong and Macao were still waiting to eat Mo Song.
The premium mossong is basically covered by these two big customers.
but!
President He’s first-class cabbage orders have been reduced by two-thirds compared to last year;
The orders for a hotel on an island in Haishi have dropped by two-thirds compared to last year!
Finally, more than 30 new customers from outside the province who were newly developed last year said that this year they can order at most one-tenth of the price of mosong in previous years. Not only do they bargain, they also ask for monthly settlement!
Just like last year, you can buy ten and get one free, but you can’t reduce the price!
It took a lot of effort to develop the habit of selling now and settling immediately. You Yu doesn't want to start the habit of monthly settlement again.
That can only mean that we can't reach an agreement!
Good things don't go out, but bad things spread thousands of miles.
For example, the eldest daughter-in-law of the village party secretary is happily gossiping with her friends:
"I have obtained the latest information, are you interested in hearing it?"
Without waiting for her good friend to nod, she laughed heartily and said:
"Hahaha, it's so funny to me. The early-maturing moss that Dwarf Zhuang asked the seventh team to grow this year can't be sold!"
A friend chimed in: “Thankfully we only planted a few acres this year!”
The second friend shook his head: "It's hard to say. I've just started to pinch the sprouts. I heard the price is still the same as last year. I can find customers now!"
"Hmph! As far as I know, some people in the village have already canceled their subscriptions for the moccasin seedlings that will be launched in February next year. If the first 1,500 acres cannot be sold, who will continue to plant them!"
The fact did speak to these women. You Dayou's work these days has been processing these nursery orders.
Cancel, cancel!
You really can't blame the villagers. You Yu himself is not sure whether the early-maturing and medium-maturing mosong can be digested.
Although it is her usual style to face difficulties head on, she cannot force the growers to take risks with her, right? !
There is a way, Mr. You, she has been thinking about it
(End of chapter)
