China's manufacturing sector is now depressed 20% lighting companies or collapse

The economic downturn, China manufacturing enterprises had "bigger and stronger", "to become the world's five hundred" heroic utterance has become a joke. A group of the latest statistics shown below, the situation Chinese manufacturing industry this year is not optimistic: Chinese new fiscal August manufacturing PMI (PMI) initial value of 47.1, a 09 year low of March, for the sixth consecutive month below the critical value of the ups and downs of 50, Chinese showed further slowdown in manufacturing operation. PPI (producer price index) continued to decline significantly, the profits of industrial enterprises have been further squeezed. July railway freight plummeted 10.9%, generating capacity fell by 2.8%.

Everything shows that the recession is getting worse. The following analysis is expected to provide a reference for the industry to calm and objectively grasp the fate of the enterprise or its own.

All walks of life situation

Withdrawal of foreign investment in electronic industry

The first half of the year, Jin Renbao, Samsung has accelerated, profit Wei went to the United States to set up factories, Foxconn push into India, China electronics industry has swept the world go downhill. From the chain, Foxconn, Pegatron, quanta, Compal, ASUS, Acer and other representatives of the electronic business revenue fell almost across the board, this is a strong signal by Sheng Zhuanshuai the Chinese electronics industry. In accordance with this trend, the second half of the electronics industry fell 10-20% is not impossible.

Ceramic sanitary ware overcapacity

Due to the 08 years after the crazy expansion of China's construction ceramics and sanitary ware of the annual production capacity of the world's people, even if all the use of Chinese goods also need to be two to three years to complete digestion. In recent years, with the real estate turned cold, closures surging. As the real estate industry is a durable consumer goods industry, once the stop building, I'm afraid the bathroom ceramic demand will be withering, and keep up to ten to twenty year low.

The furniture giant went bankrupt, small factories such as clean sweep

Since 2014, large furniture business failures. Last year, Shenzhen Home Furnishing magnate Hua Yuanxuan fuzhidao declared bankruptcy in May 3rd this year, with a history of 23 years Guangzhou buildraw furniture bankruptcy, "Dongguan furniture carrier" Dongguan Yongxin Furniture Manufacturing Co. Ltd. failures. According to the latest statistics, only three years in Shenzhen, Dongguan, Houjie, Foshan, the closure of the furniture factory in the town of up to 849.

Summary: layoffs tide is coming

Faced with the accelerated downward trend in the economy, many of China's real estate companies have abandoned the illusion of a short time economic warming, began a large number of layoffs to deal with the reduction of orders and reduce operating costs. In the first half, Lenovo, HP, 100 million, Samsung, HTC and other world-renowned enterprises have started layoffs.

In the next 9 to December, iron and steel, machinery, electronics, household appliances, furniture, ceramics, bathroom, flooring, hardware etc. and closely related to the real estate industry is likely to produce intense layoffs. Shagang, Volkswagen, GM, GREE and other five hundred companies are likely to appear in the list of layoffs.

So, lighting industry will be an exception? If companies do not try to win enough orders and profits during the golden nine silver ten, at the end of this year, the lighting industry or the emergence of 20% of the enterprise bankruptcy.