In recent days, many textile and garment companies have shouldered the mission of fighting the epidemic, urgently resumed production of masks, protective clothing and other important materials, and actively donated money and materials to implement epidemic prevention and control. At the same time, the challenges and pressures brought by the epidemic to industries and enterprises are attracting much attention. In particular, small and medium-sized enterprises are facing many difficulties such as cash flow capital chain problems, starting construction and recruiting workers, and receiving export orders.
On February 1, the central bank, China Banking and Insurance Regulatory Commission and other five departments launched 30 measures, proposing that wholesale and retail industries that have been greatly affected by the epidemic, especially small and micro enterprises, are not allowed to blindly withdraw loans, cut off loans, Loan pressure. On February 1, the China Council for the Promotion of International Trade released information to help guide foreign trade companies in applying for factual certificates related to force majeure.
Objectively speaking, the impact of the epidemic on industrial production and social economy is expected to last for a long time. The main contradictions are concentrated in the rapid decline in consumer demand, shortage of human resources, tight capital chain, and impact on export and foreign trade. , but the more difficult the situation is, the more we need to strengthen our confidence, take active actions, and overcome the difficulties together. At the same time, governments at all levels are also formulating relevant policies as quickly as possible to ensure social stability and business operations.
In terms of manpower and work resumption, the textile industry is a “pioneer industry” in the fight against the epidemic. Some related companies have resumed work and production as early as the early stages of the epidemic, and the manpower shortage problem faced by the industry was also the first to be exposed. come out.
A protective clothing manufacturer located in Pengchang Town, Xiantao City, Hubei Province, a “famous non-woven town in China”, had only 7 employees on the production line on New Year’s Day, including the person in charge of the company and others. Our six relatives worked overtime day and night just to provide one more box of professional protective clothing to the front line of the fight against the epidemic. This is the responsibility of a Chinese textile entrepreneur, but it is also helpless. Affected by multiple factors, the person in charge issued a notice to resume work at three times the salary, but very few responded. This is a small microcosm of the human shortage of textile companies under the current situation, and it also reflects the problems that will be faced in the future.
On the issue of tight capital chains, entrepreneurs in this anti-epidemic war deserve respect and sympathy, and they are not limited to the textile industry. On the one hand, many companies continue to donate money and materials to help Wuhan. According to statistics from the Chinese Academy of Social Sciences and other institutions, as of January 31, 1,068 companies have donated a total of 14.71 billion yuan. On the other hand, some small and medium-sized enterprises have been greatly affected by the epidemic, with tight capital chains and operational difficulties.
Recently, the words of Jia Guolong, a veteran in the catering industry and founder of Xibei, have attracted widespread attention from society and revealed the capital chain dilemma of many affected companies. “The biggest pressure now is to support people. There are more than 20,000 people, more than 10,000 people are in dormitories, and more than 10,000 people are at home. The monthly salary is 156 million yuan. It’s okay if the time is short, but we can’t handle it if the time is long. Who has so much cash in reserve? If you disband employees now, you will be irresponsible in all aspects.” The same is true for the textile industry. Workers have to be paid but orders cannot be completed. Even large companies are having a headache. Not to mention the vast number of small and medium-sized enterprises.
Since the problem is unavoidable, we need to actively find solutions. To this end, we have observed that various policies and measures are building green channels for enterprises – On February 1, the People’s Bank of China and the Ministry of Finance The Ministry of Finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the “Notice on Further Strengthening Financial Support for the Prevention and Control of the Novel Coronavirus Infection Pneumonia Epidemic” and launched 30 measures in one go. The “Notice” mainly covers five aspects: increasing monetary and credit support; rationally allocating financial resources; ensuring the safety of financial infrastructure; establishing a “green channel”; and strengthening party leadership in the financial system. It needs to be mastered by the majority of textile industry enterprises as soon as possible. , in-depth interpretation. (See Attachment 1 for details)
On the issue of foreign trade exports, on the evening of January 30, the World Health Organization finally announced that the new coronavirus epidemic would be classified as a Public Health Emergency of International Concern (Public Health Emergency). of International Concern (PHEIC), has also added new complexity to China’s foreign trade situation.
To this end, the China Council for the Promotion of International Trade issued an urgent notice stating that if an enterprise is unable to perform as scheduled or cannot perform an international trade contract due to the impact of the epidemic, companies may apply to the Council for the Promotion of International Trade for factual certificates related to force majeure. Detailed answers were also given on how to use and apply for “force majeure” certificates, what to do when facing PHEIC export companies, how to express the epidemic situation to customers, and what to pay attention to when going abroad for foreign trade. (See Attachment 2 for details)
Attachment 1
The Central Bank, China Banking and Insurance Regulatory Commission, etc. Five departments launched 30 measures
On February 1, the People’s Bank of China, the Ministry of Finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the “On Further Strengthening Financial Support to Prevent and Control New “Notice on the Coronavirus Pneumonia Epidemic” (hereinafter referred to as the “Notice”), which launched 30 measures in one go.
The “Notice” mainly covers increasing monetary and credit support; rationally allocating financial resources; ensuring the safety of financial infrastructure; establishing a “green channel”; strengthening party leadership in the financial system, etc. five aspects of content.
The reporter sorted out 10 key points, as follows:
1. The People’s Bank of China will continue to strengthen expected guidance and conduct open market operations through open market operations. , standing lending facilities, re-lending, re-discount and other monetary policy tools to provide sufficient liquidity and maintain financial market liquidity.It doesn’t matter if it can be overcome. From this, the reasons can be explained to the buyer, and both parties can renegotiate, thereby changing the contract, reducing the number of performance objects, or changing the performance period.
05 Foreign traders who want to go abroad, please pay attention!
In addition, the National Immigration Administration has released a list of recent entry control measures adopted by relevant countries to prevent and control the pneumonia epidemic caused by the new coronavirus infection. Foreign traders who have recently gone abroad for business activities should pay attention. !
Image source: National Immigration Administration
06 Daily protection is very important
In addition to trade dynamics, foreign traders should pay more attention to daily protection to avoid virus attacks. The National Health and Medical Commission recently released this compilation of public prevention guidelines for the prevention and control of pneumonia caused by the new coronavirus infection, speed learning!
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