Overcapacity is a long cycle, please face the future soberly

Mondo Finance Updated on 2024-01-31

A boss who works as an engineer told me that this year he chose to lie flat.

Indeed, many companies are falling after the epidemic is over, why?After the epidemic is over, economic recovery is a high probability event;However, this judgment is not suitable for private enterprises, from corporate profits, consumption tax and youth unemployment rate can be seen that the current situation of private enterprises is not better than last year, it can only be said that the most directly affected by the epidemic is picking up, such as cinemas, tourism, etc., but these industries can not bring the economy.

In fact, the epidemic has only covered up the structural contradictions in the economy, and the fundamental problem of China's economy is the lack of demand, in the words of the common people, that is, in the process of wealth growth, the income of the common people is too low.

The income is braking, production is still running, the financial expenditure is expanding, and the income cannot catch up with the production, and the tax revenue of production cannot meet the financial expenditure, so the finance department has obtained a huge land transfer fee by selling the land owned by the whole people to the whole people, and the whole world thinks that China is too rich, but the problems have also begun to pile up.

After all, in recent years, the proportion of residents' income in the population is not very ideal, which determines the overall economic imbalance: there is a contradiction of insufficient demand.

Lack of demand is a copper coin, and the flip side of a copper coin is overproduction.

Of course, this is an overproduction in a relative sense, not that there are too many houses to live in, but that the people's income cannot support the property market. This is true for the property market, and the same is true for the economy as a whole;Overproduction has little impact on state-owned enterprises, and the continued investment and subsidies that should be invested will be fatal to private enterprises.

How to face this cycle of overproduction?

There are only two directions, or to increase the income of the people, stimulate consumption, and increase demand;Or through competition, survival of the fittest, a number of enterprises fall, and the market supply and demand relationship has a new balance.

There is no need to consider the former direction, because private enterprises are not good, the unemployment rate is growing, and it is unlikely to significantly increase the income of ordinary people, so a cruel competition from private enterprises is inevitable.

In this way, it is clear about a series of policy measures from last year to this year, and the policy is unlikely to protect enterprises, since it is overproduction, it must be eliminated. Support the survival of enterprises with regenerative ability, zombie enterprises will definitely die, do not expect any new benefits.

For example, the tax refund policy, the premise is that you have a turnover and an invoice;If your business basically stops, the tax refund policy will not make sense to you. There is also the same logic of the payment, and the ability to expand the enterprise to enter the threshold of the bank, if it is for the loan to continue life, the credit of the enterprise can not reach, can only get high interest through financial intermediaries, the more you borrow, the more miserable the death, from the past to this year's interest rate reduction policy, it is not too direct meaning for you.

However, don't be discouraged, in the process of a major reshuffle, micro, small and medium-sized enterprises are easier to survive than large enterprises, everything is in the project and liquidity, not in the level of profits. It's like extreme survival in the mountains and forests, tigers need to eat meat to survive, while ants only need to have a grain of bread crumbs.

I wish all my friends in the business field can survive the catastrophe.

Forty years of reform and opening up to today, in fact, has gone through a reincarnation, this reincarnation tells us a very simple truth, the core issue of China's economy is not the surname of the society, who is surnamed capital, whether it is a state-owned enterprise, or a private enterprise, is an indispensable part of the national economy and people's livelihood;Facts have proved that private enterprises are weak and not rich, and it is difficult for countries to be stronger if they are not richThis determines that the catastrophe of private enterprises will soon end, as pointed out by the two sessions, the future road of private enterprises will be wider and wider.

As for each enterprise, a major reshuffle is inevitable.

Yuanfang, how are you doing?

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