The impact of the financial crisis on several industries

Let's look at it in two parts:

Part I: Industries affected by the financial crisis.

Encountered a cold current, waiting for a new round of development opportunities.

In this financial crisis, a considerable number of industries have also been hit hard.

The financial industry bears the brunt. Financial institutions, such as investment banks, securities companies and insurance companies, which used to have unlimited scenery, almost all cut or even canceled campus recruitment plans, while foreign banks, which have developed rapidly in recent years, have also slowed down their development.

At the same time, the real economy such as real estate, automobiles and advertising is affected. The prospects of petroleum and petrochemical, energy, minerals, export trade and logistics are also unknown.

At the same time, the United States drastically reduced imports due to economic deterioration, which made China's import and export trade begin to decline, and the future situation was uncertain. It is expected that the situation will further deteriorate next year, and the recruitment demand of commercial logistics enterprises will decline.

Due to the shrinking market and declining demand, many high-tech enterprises have also reduced their recruitment plans this year, especially in software and hardware outsourcing and chip manufacturing industries. Similarly, communication and internet companies have slowed down their expansion.

Part II: Domestic industrial discrimination affected by the American financial crisis.

Due to the subprime mortgage crisis, various industries in China have been affected to varying degrees. According to the data of the National Development and Reform Commission, the textile industry is particularly affected by the export obstruction. At the same time, due to the shrinking of projects under construction in the United States, export enterprises of furniture, bathroom, hardware and other products are also struggling.

The textile industry bears the brunt.

Affected by the rising cost of raw and auxiliary materials, energy costs and labor costs, the appreciation of RMB, the subprime mortgage crisis in the United States, and the continued weakness of the domestic market, the company's net profit in June-June 2008 decreased by 43.70% year-on-year. In the second half of 2008, influenced and restricted by the domestic and international economic environment, many unfavorable factors still existed, which had a great impact on the company's economic benefits. This is a passage in Demian's semi-annual report. Affected by the subprime mortgage crisis and other factors, similar expressions can be found in the public information of many textile enterprises. The textile industry is beset with difficulties.

"In the first seven months, the average contribution rate of export price increase to export growth showed a downward trend, that is to say, China's textile export price increase ability is gradually failing." A few days ago, Wang Qianjin, editor-in-chief of First Textile Network, publicly expressed his concern about the export price-raising ability of textile enterprises. The data shows that since the second quarter of this year, the increase of China's export price has begun to accelerate, which has slowed down the increase of China's textile export comprehensive price index to 3.52% in the first seven months, and the increase in quantity has dropped to 5.2 1%, while the increase in textile exports has also dropped to 8.92% in the same period, and the contribution rate of price to exports is obviously lower than that of quantity.

The downturn in the industry has also seriously affected the confidence of investors. According to the statistics of First Textile Network, from June, 5438 to July this year, the textile industry in China has invested a total of15341000 billion yuan, with a year-on-year increase of only 13. 14%, and the growth rate is lower than that of the same period last year. Textile investment actually dropped to 15%. Liu Xin, an industry analyst of China Textile Economic Information Network, said that from the perspective of investment in different industries, all other industries maintained growth except the cotton spinning industry, but the growth rate of investment in silk, finished products, knitting, clothing, chemical fiber, textile machinery and other industries declined to varying degrees compared with the same period last year. Among them, the most prominent decline in investment growth rate is the textile machinery industry, and its investment growth rate has dropped by 30.92 percentage points compared with the same period of last year. On the other hand, many textile and garment enterprises began to reduce labor costs. At present, 30 listed textile and garment enterprises have reported a year-on-year decrease in "cash paid to and for employees".

The uncertainty of the real estate industry has increased.

"Recently, the world stock market has fallen across the board. This stock market decline may be considered as a problem of the financial system, or it may be considered as a problem of the United States itself. But the root cause is the real estate market. A small problem in the real estate market, and then infinitely magnified through financial market risks. " At a meeting on September 30th, Dr. Yi Xianrong, a researcher at the Institute of Finance of China Academy of Social Sciences (Yi Xianrong Blog | Yi Xianrong News), said that with the deepening of the subprime mortgage crisis in the United States, people are paying more and more attention to the stability of the real estate market, especially the stability of the financial market.

Where will the real estate market in China go? He believes that the future real estate market must be a market that produces middle and low-grade products and meets the needs of the vast majority of residents. So, what is the specific impact of the subprime mortgage crisis on the real estate market in China? Accelerate the adjustment and extend the adjustment period. Analysts believe that the occurrence and spread of the new storm of subprime mortgage crisis has added greater uncertainty to the China real estate market, which is already in the adjustment period, but it will not have a decisive impact on the trend of the housing market. Xinhua Financial Credit Rating Department recently published a research report saying that under the background of the worsening subprime mortgage crisis, the direct risks faced by Chinese banks are still under control, but the real estate development loans and retail banking business of banks will be affected.

The steel industry has collectively entered the cold winter.

Because of the depression of steel industry, no one wants coke now. Li, head of Shandong xintai city Coking Co., Ltd. told the reporter. The annual coke production capacity of this enterprise is 600,000 tons, and it is currently in a state of limited production. Similar to the real estate industry, after two years of rapid development and high profits, the steel industry began to enter the collective winter in the second half of this year.

On September 18, Baosteel, the leading steel industry in China, announced that it would lower the steel price based on June 10 price. At the same time, more than 20 iron and steel enterprises, such as Masteel, Hangang, Angang, Laigang and Liugang, have also joined the ranks of price reduction. Relevant statistics show that the average price of steel in China has dropped by 20%.

The impact on exports was clearly reflected in 2007. In 2007, China * * * exported 62.65 million tons of steel, up 45.8% year-on-year, and the growth rate slowed down to1.1percentage point, with a negative growth in the fourth quarter. According to the declining trend of export growth rate in the second half of 2007, the export growth rate of steel products in China will continue to decline in 2008.

In 2008, the export volume of steel products will drop by 20% year-on-year, and the export of steel billets will drop by more than 50%.

A few days ago, it was reported at the iron and steel merger and reorganization forum that the domestic steel output was expected to exceed 500 million tons at the beginning of this year, but the world economic growth slowed down obviously, which was more serious than we expected and could not exceed 500 million tons.

Due to the intensification of the global financial crisis, global steel production has declined.

As of June 5 10, there are 608 listed companies in Shanghai and Shenzhen stock markets * * * forecasting the results of the first three quarters. Among the 28 real estate companies that issued performance forecasts, 1 1 reported worries due to the decline in performance. In addition, about half of the companies in the electronics and textile industries expect their performance to decline.

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