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Under The Financial Crisis, Enterprises Appear Stuffy Stove Phenomenon.

2008/12/1 0:00:00 10237

Financial Crisis

Under the impact of the international financial crisis, with the rapid shrinkage of the market, a large number of enterprises represented by iron and steel, coking, textile and garment industries are in a state of stop production and semi shutdown. Although production and operation are in trouble, they are all waiting for the recovery of the market.

People in the economic circles call it "stuffy stove phenomenon", which has become an unprecedented topic in China's economy.

The so-called "stuffy stove" is actually a way for metallurgical enterprises to do so. It keeps the furnace in a state of thermal insulation, compresses production, reduces costs, and waits for the market to warm up.

At present, a considerable number of metallurgical enterprises, including some large steel mills, are taking the initiative to limit production.

A large number of iron and steel enterprises in Shanxi province and a considerable number of iron and steel plants in Hebei province have concentrated on the phenomenon of "stuffy furnace".

Take Changzhi city of Shanxi as an example, by mid November, there were over 200 enterprises in the city, including coke, steel, calcium carbide and other small and medium-sized enterprises, half of them stopped production, and 30 of the 38 blast furnaces with 125 cubic meters or more were discontinued.

This kind of "stuffy stove phenomenon" originating from coal char and iron enterprises is a microcosm of the current difficulties faced by domestic production enterprises.

At present, enterprises such as textile, clothing, real estate, automobile and so on, which are greatly affected by the financial crisis, are all showing a "stuffy stove phenomenon".

It is like two sides of a coin: to the enterprises in the "stuffy stove", carrying forward the difficulties in front of the market and revival of the market, the fire will reignite; and if the fire is not carried out after the fire is carried out, the enterprise will have to bear the doom of bankruptcy.

"These enterprises are trapped in the difficult position of operation, which is a concrete manifestation of the impact of the international financial crisis on China's real economy."

Li Shengping, director of the Luoyang Municipal Development and Reform Commission of Henan, said: "these enterprises are undergoing severe tests. They are waiting for the market" spring "in the" severe winter ".

Reporter also found that although the occurrence of "stuffy stove phenomenon" has the external cause of "financial crisis impact", there are some deep internal causes in the industry, such as extensive economic development mode, overcapacity and so on, and the lessons are thought-provoking.

Take the steel industry as an example, Xiao Bai, general manager of China Metallurgical Southern Engineering and Technology Co., Ltd., said: "the financial crisis has only accelerated the arrival of the steel industry adjustment period.

If not the financial crisis, in the context of excess capacity, the steel industry will also have a big adjustment sooner or later.

However, in some industries, the phenomenon of "stuffy stove" appears, while some enterprises are more flexible and bright.

Summing up its experience, those enterprises that are based on technological innovation, enterprises with complete industrial chains, enterprises with structural readjustment and enterprises that seize opportunities and actively seek change will be less shocked in this financial crisis, not only to survive in difficulties, but also to achieve higher counter trend.

We should take advantage of current opportunities to speed up our independent innovation and structural adjustment to enterprises. In fact, this is also true for industrial development in a region.

At present, a considerable number of enterprises and regions are taking positive actions to take the initiative to carry out industrial upgrading so as to promote the long-term sustainable development of the economy.

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