PRD Private Entrepreneurs Are Fresh "Running" Five Genes

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Experts pointed out that the Pearl River Delta and Wenzhou's real economic foundation is different, the entrepreneurs' mentality of the two places is also quite different. At present, the private lending market in Guangdong is not a big problem. Therefore, the probability of "run away" in the PRD is very small.

However, if inflation is high and the money will continue to shrink, the possibility of Guangdong's private enterprises' "running tide" does not exist.

A number of experts and entrepreneurs interviewed by the newspaper said that the PRD enterprises were in a better position, which was closely related to their own development mode, especially the source of funds: Wenzhou enterprises were highly dependent on private lending market financing to support their own development, while the PRD enterprises mostly rely on their own accumulation, although the development speed was slow, but the industrial foundation was relatively strong.

A shoe factory owner in Dongguan told reporters that the enterprises in the Pearl River Delta borrow very little usury. "Cantonese do not dare to borrow usury.

Most of the people around me depend on their original accumulation.

"The capital operation of enterprises in Wenzhou and Yangtze River Delta is stronger, but this is a double-edged sword.

When the economy is not good, the high debt ratio will be a problem.

Peng Peng, vice president of Guangzhou Private Economic Development Research Association, said.

In addition, the capital sources of manufacturing industry in the Pearl River Delta account for a large proportion of overseas capital, such as Taiwan and Hong Kong.

Third, in the financial crisis, the owners of private enterprises have set up a sense of crisis, and their investment and development are more cautious.

"Even if cash flow is insufficient, liquidity needs to be replenish, and small and medium-sized enterprises in the Pearl River Delta will also be able to achieve loans through arrears of upstream and downstream loans, staff salaries or housing land rent instead of private usury."

Zhong Yuan, a person in charge of a leather goods factory in Huadu District, Guangzhou, has told reporters.

To cope with the financial crisis, governments at all levels in Guangdong began to implement the dual pfer strategy, build a modern industrial system, and push the small and medium-sized enterprises in the Pearl River Delta to the top of the industrial chain.

Fourth, compared with Wenzhou's enterprises, such as real estate, stock market and so on, PRD's manufacturing industry is more comfortable with itself.

"Many private entrepreneurs in Guangdong, like me, do well in industry and do not participate in usury or real estate."

Qiu Yuhua, executive vice president of Guangzhou private enterprise association, said.

Ceng Tao, deputy director of the Guangdong Rural Credit Cooperatives Association, said that the "Wenzhou model" used to be industrial and did very well. In the last century 80~90, the people all over the country respected the Wenzhou model.

However, by the end of the 90s, a number of Wenzhou entrepreneurs broke away from the true colors of entrepreneurs and became speculators and began to invest in real estate and stock markets. Although profits are fast, they are not always good in the long run. This year is the biggest test for Wenzhou.

Compared with the Wenzhou model, the Foshan mode has been closely integrating private capital with manufacturing and formal finance, and has never relaxed.

Therefore, Zeng Tao believes that private capital should be closely integrated with the real economy so as to avoid excessive speculation and usury.

Fifthly, the private lending market in Guangdong is indeed not developed.

As far as statistics are concerned, there are only 326 Guarantee Corporation in Guangdong, and 270 Guarantee Corporation in Wenzhou alone. The guarantee industry is flourishing, and it is also indicating the prosperity of non financing businesses.