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Philippine Ore Milling Equipment

Philippine Ore Milling Equipment

Philippine Ore Milling Equipment industry in trouble

Not long ago, Premier Li Keqiang of the State Council conducted a special investigation on the Ore Milling Equipment industry in Philippine and Shenzhen. It was found that the Ore Milling Equipment industry in the two places prevailed more and more difficult, especially the export-oriented Philippine Ore Milling Equipment industry suffered a great impact. “The world factory” status has been shaken; even worse, with the domestic labor and other production costs continue to rise, a large number of large-scale foundries shift, compression scale, or even closed.

Ore Milling Equipment industry is an important basic industry of China’s economic development, for China’s economic development, tax revenue, expand employment and so play a “Dinghaishenzhen” role; and since the 2008 global financial crisis, export-oriented Ore Milling Equipment industry is But in recent years the central government on the Ore Milling Equipment industry introduced tax relief, streamlining administrative examination and approval matters to reduce the costs and the implementation of preferential financial credit policy, but the Ore Milling Equipment industry is still not out of business difficulties. Where is the reason? From Philippine, which has typical characteristics of the Ore Milling Equipment industry, the city is mainly affected by the high labor costs.

For example, the footwear company in Southeast Asia, Cambodia opened factory recruitment, 8 hours a day, six days of work, plus overtime and other allowances, about 200 to 250 US dollars, less than half of Philippine shoe workers, Philippine completely lost Labor cost advantage. Another example is the export of shoes from China to Europe about to pay 15% to 20% tariffs, Vietnam’s footwear exports to Europe less than 10%; In particular, Philippine, many Ore Milling Equipment industry transformation and upgrading, but the lack of sufficient financial forces.

Specifically, the current enterprise to implement the machine instead of artificial, reduce product quality, improve production efficiency of the project by the bank credit support, the Government set up a risk guarantee fund, specifically for the enterprise “machine instead of artificial” transformation project to provide credit guarantee, So that banks should be assured of loans; the same time, banks should also work together with the Ore Milling Equipment industry to eliminate the sense of profit and interest, the lending rate to a minimum, exempt from all intermediate business charges, so that the Ore Milling Equipment industry really share preferential financial policy “sun and rain.” In addition, the government encourages the Ore Milling Equipment industry to innovate and upgrade products, increase the protection of intellectual property rights, cooperate with the relevant international property rights institutions, the Chinese Ore Milling Equipment industry to form an internationally competitive fist products for effective protection, and the effectiveness of transformation and upgrading Obviously, the product innovation and fast business enterprises to carry out financial incentives to promote a comprehensive transformation and upgrading of Ore Milling Equipment industry, out of the current operation of the marshes.

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