Wenzhou Footwear Industry Breaks Through The Achilles Heel Mode

As the "cradle of market economy", Wenzhou now has more than 30 SMEs, producing 10% of the country's clothing and 20% of its shoes.

Wenzhou's manufacturing was once a microcosm of the great development of China's manufacturing. Now, many of the once solid entities have been struggling on the line of life and death.

The root is undoubtedly the "old mode" of Wenzhou enterprises. A large number of enterprises in Wenzhou are labor-intensive industries, and the mode of economic growth is lagging behind, which is at the lowest end of the industrial chain.

Since 2001, the growth rate of Wenzhou's total economy has been located in the last square of Zhejiang Province, and the industrial structure has hardly changed.

Many of the capital that escaping from industry is used to guarantee and lend money, many of which are withdrawn from traditional pillar industries such as glasses, leather and clothing.

Industrial structure is backward and passive, and industrial survival is difficult. It has become the Achilles heel of Wenzhou mode.

But as the opening analysis shows, decline does not mean that we are heading for the end.

Especially for the many traditional pillar enterprises in Wenzhou, which have been in the tide of the market economy for more than 20 years and the industrial clusters have been fully developed, the challenges will surely breed new opportunities.

Moreover, for Wenzhou, which relies on traditional industries, there is no subjective difficulty in returning to industrial management after waking up from the illusion of bubble collapse.

After getting through the two pulse of governor Ren, those former heroes are still likely to create another glories.

Around this idea, we selected 5 5 industries which are the most critical and typical for Wenzhou economy to conduct routine checks. Among them, there are already lightest industries that are already on the decline. There are also clothing and shoemaking enterprises in the wander, as well as the financial investment industry that breaks through the "Wenzhou model" and tries to embark on the endogenous growth path.

We hope that through individual attempts of leading enterprises in various industries, we can provide some valuable experience for the entire Wenzhou mode.