Automotive Clip And Fastener manufacturer in China

**Exploring Automotive Clip and Fastener Manufacturers in China**  

When it comes to the world of automotive manufacturing, every detail matters. From the sleek design of a car’s exterior to the precise engineering under the hood, every component plays a crucial role in ensuring performance, safety, and durability. Among these components, automotive clips and fasteners might not grab headlines, but they are indispensable in holding everything together—literally!  

China has emerged as a global leader in manufacturing, including the production of automotive clips and fasteners. If you’ve ever wondered why China is such a hub for these essential parts or what makes their products stand out, let’s take a closer look.  

### Why Automotive Clips and Fasteners Matter  

Automotive clips and fasteners may seem like minor components, but they are critical for assembling and securing various parts of a vehicle. Whether it’s attaching interior panels, securing wiring harnesses, or holding bumpers in place, these small pieces ensure that vehicles are functional, safe, and aesthetically pleasing.  

Without high-quality clips and fasteners, cars could face issues such as rattling panels, loose wiring, or even compromised safety during collisions. That’s why manufacturers worldwide prioritize sourcing reliable and durable fasteners for their vehicles.  

### China’s Role in Automotive Clip and Fastener Manufacturing  

China has become a powerhouse in the global automotive supply chain, and its expertise in producing clips and fasteners is no exception. Here are some reasons why China stands out:  

1. **Advanced Manufacturing Capabilities**  

   Chinese manufacturers have invested significantly in modern machinery and production techniques. This allows them to produce high-precision clips and fasteners that meet international standards.  

2. **Cost Efficiency**  

   One of the key advantages of sourcing from China is cost efficiency. The country’s streamlined manufacturing processes and competitive labor costs make it possible to produce high-quality components at affordable prices.  

3. **Diverse Product Range**  

   Whether you need plastic clips for interior panels or metal fasteners for structural components, Chinese manufacturers offer an extensive range of products to suit various automotive applications.  

4. **Global Reach**  

   Many Chinese automotive clip and fastener manufacturers export their products worldwide, serving markets in Europe, North America, Asia, and beyond. Their ability to cater to diverse customer needs has solidified their reputation as reliable suppliers.  

### Choosing the Right Manufacturer  

If you’re considering sourcing automotive clips and fasteners from China, it’s important to choose the right manufacturer. Here are some tips to guide your decision:  

- **Look for Certifications**: Ensure the manufacturer complies with international quality standards such as ISO certifications. This guarantees that their products meet safety and performance requirements.  

- **Evaluate Experience**: Opt for manufacturers with a proven track record in the automotive industry. Experienced suppliers are more likely to understand the unique needs of vehicle assembly.  

- **Request Samples**: Before placing a bulk order, request product samples to evaluate quality, durability, and compatibility with your specific requirements.  

- **Check Customer Reviews**: Look for testimonials or reviews from other clients to get insights into the manufacturer’s reliability and service quality.  

### The Future of Automotive Manufacturing in China  

As technology continues to evolve, Chinese manufacturers are embracing innovations such as automation, eco-friendly materials, and smart manufacturing processes. These advancements not only improve product quality but also reduce environmental impact—a growing priority in the automotive industry.  

Furthermore, with electric vehicles (EVs) gaining traction globally, the demand for specialized clips and fasteners tailored for EV components is on the rise. Chinese manufacturers are already stepping up to meet this demand by developing solutions that cater to lightweight designs and unique EV assembly requirements.  

### Final Thoughts  

Automotive clips and fasteners may be small in size, but their importance is undeniable. As China continues to lead the way in manufacturing these essential components, businesses around the world have access to high-quality products that support vehicle safety and performance.  

Whether you’re an automaker or a supplier looking for reliable partners, exploring China’s offerings in this field could be a smart move. With their blend of expertise, innovation, and affordability, Chinese manufacturers are well-equipped to meet the demands of the ever-evolving automotive industry.  

So next time you marvel at a perfectly assembled car, remember—it’s held together by countless clips and fasteners working seamlessly behind the scenes!  

Precision Injection molding for Smart wearable device

Precision Injection Molding for the Smart Wearable Device Industry

In the rapidly evolving smart wearable device industry, precision is paramount. Cnmoulding is at the forefront of this technological revolution, focusing on precision injection molding with the latest overmolding and insert molding technology. Our commitment to excellence ensures that our products meet the highest standards of quality and performance.

With precision tolerances up to 0.02mm, Cnmoulding sets the bar for accuracy in injection molding. Our state-of-the-art facilities and cutting-edge machinery allow us to achieve unparalleled precision in the manufacturing of smart wearable device components. Whether it's intricate overmolding for enhanced durability or precise insert molding for seamless integration of different materials, we have the expertise and capabilities to meet the most demanding requirements.

At Cnmoulding, we understand the unique challenges of the smart wearable device industry. Our team of experienced engineers and technicians works closely with our clients to develop customized solutions that address their specific needs. From design optimization to material selection, we provide comprehensive support throughout the entire manufacturing process.

In addition to precision, we also prioritize efficiency and cost-effectiveness. Our streamlined production processes and rigorous quality control measures ensure we deliver exceptional results while maximizing value for our clients. By leveraging the latest advancements in injection molding technology, we can achieve superior outcomes with minimal waste and lead times.

As the demand for smart wearable devices continues to grow, Cnmoulding remains dedicated to pushing the boundaries of precision injection molding. We are committed to staying ahead of the curve and embracing innovation to meet the evolving needs of the industry. With our unwavering focus on quality, precision, and customer satisfaction, Cnmoulding is the ideal partner for companies seeking excellence in injection molding for smart wearable devices.

Traditional, High - speed and Precision Injection molding

 As we all know, injection molding production is pursuing "high quality, efficiency, low consumption", that is, the pursuit of profit maximization. However, the development of things needs a process, rather than overnight, the development of injection molding, and in different stages of development, the focus is different. 

Traditional injection molding

The initial traditional injection molding is a priority to guarantee the normal period, the quality can be appropriately relaxed, not to mention the good rate of production and production efficiency. At that time, the technical master reflected in that others can not adjust qualified samples sample mold, as long as you can call out (no matter you spent one or a day a night or three days or two nights), you are a "cow" person, you are the hero. In view of this, leading to the high adverse rate of product products, many rely on human processing (water cutting inlet, batch cutting, pressing edge, smelting device correction deformation, etc. ), long production cycle, quality cannot be guaranteed, long - term vicious cycle of rework. Although now the traditional injection molding has been greatly improved, the man-machine ratio and labor intensity are still very high. 

High-speed injection molding

High-speed injection molding relative to traditional injection molding, reduce the human-machine ratio, reduce labor intensity, with mechanical automation to replace most actions of people, reflect "quantity"; this process, high requirements for mechanical automation and assembly line operation. Qualified technical masters, not only to see if you can debug the OK model but also to consider the stability and operability of production. If you do not reach the set expectations, your model is "beautiful", it is just a model for viewing, and you cannot become the "guide" of mass production. 

Precision injection molding

Precision injection molding is developed on the basis of high-speed injection molding, is specialized in the production of high value-added products, refers to an injection molding method difficult to meet the requirements of conventional injection molding machine and conventional injection molding process. Reflect "quality" to gain credibility, to "quantity" to gain profit. The precision of precision plastic parts includes size precision, shape precision, and surface precision, corresponding to size tolerance, shape tolerance, and surface roughness respectively, where size precision is an important quality index of manufacturing and use of plastic parts. 

There are many factors affecting the quality and size precision of precision injection molding products, such as material selection, mold design and processing, precision injection molding machine, molding technology, the level of molding personnel and production management, etc. 

Specific requirements are: 

( 1) The size accuracy is high and small tolerance, i. e. high precision size boundary; 

(2) product weight repetition accuracy is high, requiring day, month, year size stability; 

(3) mold is good, rigid material, size accuracy, smoothness of the type cavity and positioning accuracy between templates are high; 

(4) replaces replace conventional syringe; 

(5)The adopts the precision injection molding process; 

( 6) Select materials suitable for precision injection molding. 

reference from https://www.quora.com/Why-is-precision-injection-molding-difficult

3d printing is cheaper alternatives for injection molding?

 What is a cheaper way than 3D printing for injection molding

   Compared with 3D printing, there is no other process with speed perfect, injection molding offered in plastic. 

Look At It From the ABS Plastic Products

One thing you need to consider is being hard to use ABS, if you do some handmade

Because it is non - definite plastic, it means that workers must judge whether the plastic is liquid or still semi - isolated. This may mean some skilled labor, which will make it expensive. 

Hand heat pour plastic in the mold, then vibrates until it bubbles out, and then more plastic is added and again the vibration should work in theory. The challenges you may face include safety, from hydrothermal ABS (nearly 120 °C), preventing liquids from splashing around, and finding the appropriate vibration mechanism to eliminate bubbles. 

One problem with injection molding is air. The air in a set of ABS molds weakens your structure and sometimes significantly. Therefore, manually placing the liquid ABS in the mold will give you a challenge of structural strength that can be easily be vibrated or overcome in vacuum. 

Why would you consider no 3D printing and injection molding

You don t want to use 3d printing - probably due to higher initial costs and poor physical properties. 

You don't want to use injection molding - maybe you don't need the amount, the initial mold production investment is high because you don't know-how

Control the costs. 

You can choose alternative processes such as vacuum molding, sheet molding, hand laying, spray spraying, etc. You can also choose from a prototype molding (aluminum) or resin molding. 

The most common one is the aluminum mold, initial cost, availability and size; performance accuracy. 

But I need to tell you that it is very stupid to do. 

Tips of your choose 

3D printing is not designed for high-volume injection molds but can be used for low-volume operation. Mass product production, first you need to produce high-quality simple or complex molds. The choice of steel material molds instead of solid 3D long fibers can form stronger shells that inject pressurized liquid plastic into it. Aluminum mold is not recommended, inconvenient for modification, and also

The product appearance quality is not as good as the steel mold. 

What is the shot size in injection molding?

 Basic parameters of injection molding machine

The basic parameters of the injection molding machine can better reflect the size of the injection molding products, the work capacity of the injection molding machine, and the evaluation of the type, grade range, and product quality of the processed materials. The basis for the selection and use of injection molding machines.

1. The injection quantity —— the maximum injection quantity that the injection system can achieve when the injection screw or plunger makes a maximum injection stroke under the condition of air injection.

To a certain extent, this parameter reflects the processing capacity of the injection molding machine, marks the maximum quality of the plastic products that can be formed by the injection molding machine, and is an important parameter of the injection molding machine. The PS standard (density ρ=1.05 g/cm3) is expressed by the mass (g) of the injected melt and the volume (cm3) of the injected melt

According to the definition, the theoretical value of the maximum injection capacity of the injection screw at one time is the product of the maximum projection area of the screw head in its vertical and axis direction and the stroke of the injection screw. QL =π/4 D2 S

The injection molding machine can not reach the theoretical value in the working process, because the density of plastic changes with the change of temperature and pressure, therefore, the injection capacity needs to be corrected properly. The modified injection capacity is Q=αQL =π/4 D2 Sα,α—— ejection coefficient, which is generally 0.7∽0.9,

The processing of plastic products on injection molding machines 

the quality of generic products and the total amount of materials used in the gating system shall not exceed 25%∽70% of the injection molding quantity of the injection molding machine,

 2. Injection pressure —— the force acting on the unit area of the melt by the end face of the screw or plunger. The size of the injection pressure is related to the injection molding machine structure, flow resistance, product shape, plastic properties, plasticizing mode, plasticizing temperature, requirements.

A 、 material fluidity is good, product shape is simple, arm thickness is big, the general injection pressure is less than 340∽540 Kgf/cm2. Applicable to the processing of LDPE, PA, and other materials.

The B、 material melt viscosity is low, the product precision is general, the injection pressure is 680∽980 Kgf/cm2. Applicable to the processing of PS, HDPE, and other materials.

The melt viscosity of C 、 material is medium or high, the precision of product is required, the shape is complex, the injection pressure is 980∽1370 Kgf/cm2., and the injection pressure is Applicable to the processing of PP, PC, and other materials.

D、 material has high melt viscosity, thin wall, long process, high precision, complex shape, the injection pressure of 1370∽1670 Kgf/cm2. Suitable for reinforced nylon, polysulfone, polyphenylene ether, and other materials processing.

E 、 processing high-quality precision micro-products, injection pressure can reach 2260∽2450 Kgf/cm2.

In order to meet the processing requirements of injection molding precision products or products with complex shapes of molding structure and engineering structural parts, the processing adaptability of the injection molding machine is enhanced, the molding period is shortened, and the product quality is improved. The injection pressure has a trend of increasing.

 3. injection time (injection speed,)—— the melt began to cool after passing through the nozzle. In order to inject the melt into the mold cavity in time and obtain a dense, uniform, and high precision products, the melt must be filled with the mold cavity in a short time. In addition to sufficient injection pressure, there must be a certain flow rate.

4. plasticizing ability —— the amount of material that can be plasticized in unit time, and the plasticizing ability of general screw is related to screw speed, driving power, screw structure, material performance, and so on. The plasticizing device of the injection molding machine should be able to provide a sufficient amount of plasticized and uniform melt within the specified time, and the plasticizing ability should be coordinated with the whole molding cycle of the injection molding machine. The theoretical plasticizing ability of a general injection molding machine is more than 20% of the actual requirement.

Career crisis at 35

 CNMOULDING talk  about China's 35-year-old workplace crisis

 First,35-year-old employees are expensive, no cost-effective, no young people a high degree of cooperation.

I do business, not charity. Said to listen to the point called the staff, said that the bad point is the commodity, did not see me to use the price ratio? 70% new goods are more expensive than 90% new ones.

High EQ: It's our company's salary doesn't suit you

Second,35-year-old employees are not good "hoodwink ", more opinions

I want obedient college students like sheep, not you who know how to paddle and fish but also dare to talk back to the leaders because of overtime.

Hi EQ: It's our corporate culture that does n' t suit you

Third,35-year-old employees do not work hard, but also busy with housework.

You are all busy with your family. Who will work overtime for the company? You do not work overtime, my child's milk powder money how to come, my Mercedes who refueling me?

High EQ: our team atmosphere is not suitable for you.

The result of homogeneous competition is that the competitive cost of all participants is high, but the marginal income decreases or even returns to zero

There is a famous theater effect in economics like you're watching a show at the moment. If everyone is sitting and watching it is easy and clear, but if someone chooses to stand up, he will get a better view. The price is tiredness.

But the next problem is that other people's experiences get worse, and you have to stand up to deal with it. The final result was that everyone stood and watched the show. Very tired not to say vision is not necessarily better than sitting.

The same is true in the workplace, when all companies scramble to force employees to work overtime, the final result is that employees are tired, but the company may not be able to make better profitability. The eight-hour work system is how many years of labor groups strive for rights, this balance is not easy.

But many vested interests, like Ma Yun, hold this attitude of "overtime struggle is a blessing ". As people with more resources, they always threaten others to accept his rules. This is why we want to build a society ruled by law, even if sometimes under the choice of the rule of law, we do not seem so" progressive ".

But there is still a lot of struggles 13 is willing to do, the boss can be justified to say 996 you do not want some people willing.

Why the dinner roll?

Some people like to burn themselves, by the way, to ignite everyone

And finally, we're gonna hand in hand

Illuminate the capitalists.

But CNMOULDING is not such an enterprise, we pay more attention to the family sense and group nature of the enterprise. Our entire mold production team has been working together for more than 20 years, with rich working experience and team spirit is what we need for such an excellent plastic injection molding company. This is why we have been leading other companies.

What is the real income of Shanghai,China?

 Shanghai has become an international city. Consumption is also becoming more and more expensive. We must be very interested, Shanghai works in various industries, how much do they earn?

Cnmoulding as a production injection molding company. There are 40 employees, basically, each engineer's income is 15000 yuan.(2500usd/month)

Let's look at other companies.

all the price in RMB, you can /6.5, then it is USD income.

The following are several 18,19,20 years of graduates, majoring in computer, automation, communications, electronics. The following are all school pay, before tax.

-----------------------------

Let's start with computers:

Inner ring a state-owned enterprise, computer doctor, about 400000.

Meituan, computer doctor, about 40-500,000.

Master of computer, generally more than 300000.

A university in Shanghai, computer doctor, lecturer, more than 10,000 a month, annual salary estimated 180000.

Another suburban university, computer doctor, lecturer,180000.

--------------------------------------

Other professions:

Shunfeng, UAV Research, Master,300000.

Zhang Jiang small-scale science and technology private enterprises, doctor,300000.

Pudong Automobile Foreign Enterprise, autopilot, Master, an individual can reach 300000.

Pudong automation industry famous foreign enterprises, doctor,250000.

Jiading a medical technology company, master less than 200000, doctor about 250000.

Pudong a patriotic factory, master unified cabbage price of 250000, the doctor seems to be 350000.

Minhang a research institute, doctor, a monthly salary of 17000, an annual salary of about 300000.

A famous automotive electronics company, master 200000, doctor 250000.

Southwest suburb of an automobile private enterprise research institute, doctor about 230000.

A famous video security company, the master, seems to be 200000.

Minhang many aerospace research institutes, doctor 18-27 million, master less than 180000.

Pudong heavy industry manufacturing enterprise, the doctor estimated 180000, master's monthly salary of 10,000.

Shanghai near Kunshan a heavy industry manufacturing industry, doctor,180000.

Caohejing Internet enterprises, master, the monthly salary of 17000, the annual salary of about 200000.

Pudong an aircraft industry, the doctor seems to be less than 200000,(heard that a master of machinery to 6000 a month).

Shanghai auto industry leader, master unified 170000(heard that the impact of the epidemic wages fell 40%).

 Xu Huimou Institute, Ph. D., the monthly salary of 10,000, the estimated annual salary is not more than 160000.

North of an aircraft factory, master, monthly salary less than 10,000.

A ship research institute, Bo Hou, heard that the monthly salary of 8,000.

----------------------------

Supplementary note:

The same number, different enterprises will give differently.

Most of them refer to pre-tax wages, but some companies like to promote corporate costs.

Some state-owned enterprises have dormitories, canteens, supplementary provident fund and other benefits, the hands may be more.

Some private companies may not pay five risks and one gold in full.

Some places may go into lower wages, others increase wages every year.

Some are general packages, and some hide benefits that are not publicly available.

Some companies 996, some companies 955.

Guard against COVID19, in Shanghai is very serious.

 Refuse to wear a mask on the bus? A driver in Shanghai stopped to call the police and the female passenger was brought back to the police station

   Shanghai is still in a period of epidemic prevention and control, bus passengers must wear masks all the time, but yesterday (November 16) there was a special case.

On November 16, a female passenger on a Shanghai bus got on without a mask. After a warning, she put it on and took it off again. Because the female passenger does not listen to the warning advice, the driver dial 110 alarm processing.

November 16 at about 1512, bus 869 driver Yan Zhiping driving vehicles to Nanpu direction. At Gongxin Road Station, Zhongshan North Road, a mother and daughter got on the bus.

The daughter of the mother and daughter did not wear a mask when they got on the bus and was reminded by Yan Zhiping to wear it, but when she walked into the back car, she took off the mask and never put it on. The move caused other passengers to complain and blame, but female passengers still do not want to wear masks.

Seeing the standoff, at 15:22, Yan Zhiping parked his car at Zhongxing Road Station on Republican New Road and called the police. The police quickly alerted the police and brought the female passengers back to the police station for handling.

Shanghai Road Transport Administration has strengthened epidemic prevention measures, requiring bus passengers to wear masks throughout the process. At the bus start station, the driver can delay the departure or stop, if necessary, notify the public security department to deal with it; In the midway, the station should remind passengers to wear masks, and dissuade passengers who do not wear masks, if necessary, can notify the public security department to deal with.

Now the epidemic is getting more and more serious in the world. I really hope you can learn from our country. Against this the terrible epidemic, waiting for the vaccine is passive, active defense is the most direct.

We will not worry about the epidemic now, the people will not live in fear, living and working in peace is the will of the people, I praise our government.

Epidemic control production is also smooth, CNMOULDING electric vehicle mold, smart wearable equipment and other business is getting better and better.

The latest ranking of the world's financial centers: Shanghai's first consecutive rise to the top three in the world

 The latest Global Financial Center Index released today, Shanghai's comprehensive score ranking rose again, surpassing Tokyo for the first time in the world's top three.

 September 25, by China (Shenzhen) Institute of Integrated Development Research and the United Kingdom, think tank Z/Yen Group jointly compiled the "28th Global Financial Center Index (GFCI 28)" report officially released. New York, London, Shanghai, Tokyo, Hong Kong, Singapore, Beijing, San Francisco, Shenzhen and Zurich are the top 10 financial centers in the world, according to the latest report.

 Among the world's five largest financial centers, Shanghai is catching up. Compared with the 27 th Global Financial Center ranking, the ranking of the top ten financial centers in the world has changed greatly. Among them, the Shanghai score rose again, surpassing Tokyo for the first time in the world's top three ranks, representing the highest position of Chinese cities in the global financial center.

 In the last three rankings, Shanghai was promoted to three levels. Shanghai is still in fifth place in the 26th issue of the Global Financial Center Index released last September, and in March, Shanghai rose to fourth place and is now in the top three in the world.

 Hong Kong's score rose 6 points, surpassing Singapore's fifth in the world. Shenzhen and Zurich are in the top 10, while Los Angeles and Geneva are "squeezed out" of the world's top 10 financial centers. Beijing and San Francisco ranked seventh and eighth in the world. So far,12 cities in mainland China have entered the global financial center index list.

 The "Matthew Effect" of Financial Center is obvious

Since March 2007, the London Z/Yen Group has released the first issue of the Global Financial Centre Index (GFCI 1), which continues to evaluate and rank the competitiveness of major financial centers around the world. The list is updated every March and September, and today is the 28th issue, covering 111 financial center cities and 10 candidate financial center cities around the world.

 According to the latest ranking, Shanghai, Hong Kong, Shenzhen and Zurich all rose in the top 10, while Tokyo fell to fourth in the world and Singapore fell again to sixth in the world.

 The report points out that the global financial center score overall fell, but the top 10 financial center score all rose against the trend, the global financial center "Matthew effect" increasingly obvious. The data show that the average score of global financial centers in the current period was 41 points lower than that of the previous period, and the scores of more than 80 financial centers declined, but the average score of the top 10 financial centers increased 7.7 points overall compared with the previous period. Or reflect the epidemic, only a few top financial centers market recognition and confidence remained high.

 Michael Meaney, chairman of the Z/Yen Group, a British think-tank, said the spread of the new crown did have a huge impact on the global economy, but not just the only one. Before the outbreak, many uncertainties had risen sharply, such as international trade, international relations, technological development, and so on.

 Michael Meneni believes that despite the decline in the average score, the top 10 financial centers in the rating index all scored against the trend. During the epidemic, large cities and Hong Kong cities can still provide good financial services.

Diversification of Mainland Financial Centres

With the addition of Xi'an and Wuhan,12 financial center cities in mainland China have been listed on the global financial center index. Among them, Shanghai, Beijing and Shenzhen have entered the top 10 in the world, Guangzhou has ranked 21, Chengdu and Qingdao have risen rapidly, ranking 43 and 47 in the world, Nanjing has ranked 89 in the world, while Xi' an, Tianjin, Hangzhou, Dalian and Wuhan have relatively low ranking and have a large room to rise. Shanghai ranks among the top three in the world and has achieved the best results in history. The report shows that mainland China's financial center "hard power" still has greater room for improvement.

China and the United States have outstanding advantages in financial science and technology

According to the report, New York ranked first in financial technology in the global financial center index financial technology ranking, followed by Beijing, Shanghai, London and Shenzhen. In the ranking, five of the top 15 financial centers come from China and six from the United States, reflecting that the level of financial science and technology development between the two countries has been generally recognized by the international financial community. The survey shows that financing channels and high-tech personnel are the most important factors to optimize the development environment of financial science and technology, while big data analysis and transaction payment systems are the most important application scenarios of financial science and technology.

CNmoulding from Shanghai, a professional mold maker. Shanghai has become a very detailed and professional city. We will strive to satisfy every customer who orders our plastic molds, every customer who orders our injection products, reflects our spirit of Shanghai, the quality of Shanghai, the service of Shanghai.

China's four major first-tier cities, how much monthly income, can be counted as the middle class?

 First, Let's look at the number of the total working population in our country. According to the 2018 statistics, Of our more than 1.4 billion people, A total of 775 million belong to the working population. The rest of the population, are the elderly, children and students. Of the nearly 780 million working people, According to the 2018 statistics, With a monthly income of less than 2,000 yuan, About 38%, These people basically live in rural and small towns in the Midwest. With a monthly income of 2,000 to 5,000 yuan, About 46%, Almost half of the working population (over 300 million), Belong to the main force.

 It reflects the proportion of each class, which belongs to the standard working-class and basically lives in the second, third and fourth-tier cities. People with a monthly income of 5000 yuan to 10,000 yuan account for about 13% of the total working population. As for the monthly income of more than 10,000 yuan, the proportion is not large, basically living in major cities. According to the wage standard of 2018, the average annual salary of non-private units in cities and towns in China is 82461 yuan, and the average monthly salary is 6871 yuan. The average social wage of urban private units is 49575 yuan, and the average monthly wage is 4131 yuan. In fact, because each city's economic strength gap is very big, each city's salary treatment also has the obvious disparity.

North Guangzhou and Shenzhen four major first-tier cities pay relatively high. Taking the most economically powerful Shanghai as an example, in 2018, the average wage in Shanghai was 7892 yuan. If the income in Shanghai is more than ten thousand, it has exceeded the average of Shanghai. So, the monthly income of more than 10,000 yuan, has entered the middle-class family? Seriously, if only a monthly income of ten thousand, can not enter the middle class, because mainly depends on their place of residence. The level of the city is different, and the monthly living expenses are different. For example, in an ordinary county may be a more prosperous township, a monthly income of more than 10,000 yuan, absolutely belongs to high-income people.

 In the case of a general salary of two or three thousand yuan, he is definitely a middle class. For another city, for example, in the four first-tier cities north of Guangzhou and Shenzhen, the monthly income is more than 10,000 yuan, excluding all kinds of living expenses, in fact, there is no much money left, the quality of life and the third and fourth-tier cities monthly income of four or five thousand groups. Of the 775 million working population in China, the group with a monthly income of more than 10,000 yuan shall not exceed 70 million people, in other words, not more than 10. In fact, these groups are not all middle class, because the actual situation of each family is different. For example, in the north of Guangzhou and Shenzhen and other major cities, only housing loans accounted for a large proportion. Plus other living expenses, even with a higher household income, there is not much left every month.

For most families, there is a common problem, that is, very poor risk resistance. In the event of major accidents, such as business funds freeze, family members seriously ill and so on, the family will immediately fall into trouble. For a middle class, it requires at least hundreds of thousands to millions of activity funds. Once a variety of special circumstances can support a relatively long time. Even in the event of a major change, it will not be beaten back to its original form. Such situations abound, such as families that seem to be rich, facing a sudden major disease that is enough to destroy a family.

 The biggest way for a family is to sell a house. For a family, it is bound to face loans such as mortgages, car loans, business investments, and children's education and living expenses. After these expenses are eliminated, how much money can be left each month is key. Seriously, monthly gross income, a minimum balance of 30% to 40%, is the standard for the middle class. According to the above question, we set a series of standards for the middle class: first, to own their own houses and vehicles, and more than one or one. Second, households have a minimum of hundreds of thousands to millions of reserves to cope with risks and problems.

Third, each month can balance a considerable part of the income, further enrich the household reserve. Fourth, have higher income work or channel. More than 10 years ago, the author was in college. At that time, the author waited for several students in the restaurant, and the two sisters at the next table were chatting. A woman said ," my minimum monthly expenses need 10,000," at that time, the author a face disdain, feel the elder sister deliberately brag. In retrospect, the woman was telling the truth and was the price standard at that time. By the author's side, several families spend between 10,000 and 20,000 a month, or even 20,000,30,000, or more.

 Seriously, in ordinary second-tier cities, the author thinks that the minimum monthly income of families is more than 30,000 yuan, which is the entry standard for the middle class. Because the author has similar families, living expenses and various loans, it takes nearly 20,000 or more a month. In other words, households that earn between 300,000 and 500,000 a year have just been pushed into the middle class. An annual income of 500000 to 1 million families, risk resistance will be greatly enhanced. At this stage, people will begin to consider the education of children, interest training, school district housing replacement, vehicle replacement, career development and so on. Of course, this is the second-tier city standard of the author's life.

If it is in the north of Guangzhou-Shenzhen four major cities, the standard must be greatly improved. One of the author's college classmates worked and settled in Shanghai, working in a foreign company for himself and his wife, with a monthly total household income of about 60,000. In terms of numbers, it's very good. However, every month apart from all kinds of expenses, the day is still tight. According to the students themselves, they belong to the bottom, the most low level. In other words, according to the description of students, in the north of Guangzhou and Shenzhen and other four cities, monthly income of more than 100000 or annual income of more than 1 million, only to enter the entry-level of middle-class families.

 Although this is a classmate's husband and wife's words, CNmoulding feeling is not excessive, relatively close to the real level. After all, it's all about spending, it's a huge number (second-tier cities cost 20,000 a month). Finally, the author and everyone talk about class or circle, not a circle do not squeeze, the author's relatives live in Beijing, the family level is the middle or upper level. The author once asked, why not go further? Relatives answer: live very tired, and the child will be obviously inferiority complex.

5.4% Real growth in foreign investment in Shanghai in the first half year

 Shanghai is in the spotlight

The World Bank reports that China's ranking in Doing Business jumped from 78th in 2018 to 31st in 2020, Shanghai with 55% weight to help China's business environment to reach the world's frontier level. On the same day, The Shanghai municipal government announced, Under the influence of the new crown pneumonia, In the first half of Shanghai, foreign capital was 10.28 billion US dollars, an increase of 5.4% over the same period last year; New multinational regional headquarters 26, R & D center 10, The cumulative number of 746 and 471 respectively.

 What is the magic of this fashionable and modern "magic capital" to keep foreign investment in China and "increase" China?

 The world's most fascinating supermarket 

Four months ago, on March 24, people lined up shopping in an orderly manner wearing masks and medical gloves at an open-market member shop in the outer ring of Minhang District, Shanghai. A car of goods at the cashier checkout, the unit price of almost 1000 yuan a single. The supermarket can buy the world-famous Burberry windbreaker and a bottle of Moutai wine.

 Shopping here, you need to pay 299 yuan a year membership fee. And the goods here from food to daily consumer goods, almost all imported goods, relative to large supermarkets, the price is not cheap. The supermarket, which opened in Shanghai for less than a year, has 200,000 members, according to fourth-quarter earnings.

 Also on March 24, the Sam member store, a high-end membership store owned by Wal-Mart, the world's top 500, announced that it would open a flagship store in Shanghai and is expected to open within 2021. This is also Sam's third shop in Shanghai. The flagship store is located in Waigaoqiao New Development Park, Shanghai Free Trade Test Zone. It will be Sam's largest single-family building in China, with a total building capacity of about 70,000 square meters. It includes the largest single-story Sam's shop in China and service areas covering catering, entertainment, life and education, as well as intelligent parking lots with more than 1100 parking spaces.

 By the end of 2022, Sam will have 40-45 stores in China and are building.

 The epidemic can not stop foreign giants from increasing China's determination. During the epidemic period," increase "the Chinese market, as well as IKEA. In 2020, IKEA China has implemented an investment of 10 billion yuan. Ikea's China president, Anna Kureka, even cares about "China's urbanization," noting that China's per capita disposable income is increasing. March 1, IKEA China's first small store IKEA home Yangpu shopping mall officially opened, a total area of about 8500 square meters.

 Recently, in addition to Wal-Mart, including Al Jian, Mitsubishi, Ford and other top 500 foreign companies in the world have said they will continue to expand investment in Shanghai.

 Do business in Shanghai to reassure foreign investors

Recently, A total of 54 foreign-funded projects with a total investment of more than $8 billion were signed centrally in Shanghai. Among them, Fifteen projects involved new infrastructure,10 projects invested more than $100 million, and three projects came from the top 500 companies in the world. Shanghai has always been a hot land and high ground for foreign investment, Almost 60,000 foreign-funded enterprises contribute more than a quarter of the region's gross domestic product (GDP), more than a third of taxes, about two-thirds of imports and exports and industrial output value above scale, and one-fifth of the employment.

 On April 10, Shanghai implemented the "Opinions of the State Council on Further Making Use of Foreign Capital "(hereinafter referred to as" the New Deal for Foreign Investment ") according to the idea of "adding, refining, implementing and emphasizing one piece ", including 24 measures in four aspects, with full gold content. Focusing on the convenience of investment, Shanghai's new foreign investment policy has introduced three aspects, including supporting the convenience of cross-border capital investment, optimizing the processing process for foreigners to come to China and optimizing the approval of land for project planning, which not only simplifies the specific processing process but also reflects the innovation and breakthrough of the policy.

 On July 28, Dyson received a "puffy" verdict. For a group of suspects who hired professional and technical personnel to disassemble and analyze, develop and produce fake Dyson hairdryer assembly line and sell fake goods to many provinces and cities throughout the country, the Shanghai Pudong New area people's Court sentenced 35 defendants to a real penalty ranging from one year, six months to six years, with a total fine of 10.08 million yuan. Among them, the two principal offenders were sentenced to six and five years in prison, and fined 5 million yuan and 1.6 million yuan respectively.

 Guo Lang, president of Dyson's Greater China, said the ruling highlighted Shanghai's efforts to crack down on illegal and criminal activities and a high-quality legalized business environment," boosting our confidence in operating in China ".

  In the new policy of foreign capital, the related contents of intellectual property protection account for a certain proportion, including giving play to the important role of intellectual property judicial protection and perfecting the working mechanism of intellectual property protection. From the upgrade of the content of intellectual property protection in Shanghai's New deal on Foreign Investment, the protection of innovation and creation has become an important element of Shanghai's investment promotion.

 Shanghai is chosen to choose Shanghai as the mold and product production base

    Both domestic and foreign capital, CNMOULDING always position themselves in the position of "shop first ", to serve the initial heart of the enterprise, facing challenges again and again.

 The epidemic at the beginning of this year has had a great impact on the economy. CNMOULDING full coverage visits to the regional headquarters of a number of multinational corporations, more than 400 foreign-funded enterprises, combing and summarizing 553 problems, the problem-solving rate reached 98.7.

 We have held continuous meetings of design, assembly and injection molding departments to coordinate and solve the problems of poor logistics, difficult employment, insufficient protective equipment, and foreign medical treatment.

Shanghai's richest man is also short of money?

On July 27, Moody's, a rating agency, downgraded Fosun International Ltd.'s corporate family rating from quote Ba2" to quote Ba3".

 Moody's said the downgrade was due to Fosun's high and increasing debt leverage; long-term investment dependent on short-term funds; low-interest coverage at the holding company level; and increased risk of credit contagion.

 On July 28, Fosun said in a related reply that the rating downgrade quote was overly pessimistic quote;, overestimated the difficulties faced by Fosun and underestimated the ability of Fosun quote; to resist anti-epidemic risk & quote;, as well as the resilience of its fundamentals and business sector structure.

 Fosun International is a listed company of Shanghai's richest man, Guo Guangchang, according to public information. According to Hurun in 2019, Guo ranked 45th with a value of 57 billion yuan.

 According to Fosun International's 2019 report, Fosun International's total liabilities are 534.757 billion yuan, net assets are 18.0924 billion yuan, and the ratio of assets to liabilities is 74.72 yuan.

 Since 2014, Fosun International's financial leverage has been above 70 percent.

 Fosun International's short-term debt-servicing risk has soared because cash and cash equivalents do not cover the short-term debt. The continuous decline of operating cash flow indicates that the ability of "hematopoiesis" is insufficient and the financing channels are smooth, which is very important to Fosun International.

High leverage, Moody's downgrades Fosun international rating outlook to negative
 Moody's downgraded Fosun International Ltd.'s corporate family rating (CFR) from & quote Ba2" to & quote Ba3". in a recent rating adjustment

 Meanwhile, Moody's downgraded Fortune Star (BVI) Limited's senior unsecured debt rating from & quote Ba2" to quote Ba3". The bonds are guaranteed unconditionally and irrevocably by Fosun International.

 Lina Choi, Moody's senior vice president, said :& quote downgrade and negative outlook reflect Moody's expectations that Fosun's business will continue to face a challenging operating environment in the coronavirus-induced economic downturn, putting pressure on its weak liquidity and maintaining a high leverage ratio over the next 12-18 months quote ;

 On July 28, Fosun Group's official public name issued a statement:" in the short term, we do not deny that Fosun International has been implicated in the epidemic, this force majeure is inevitable. The Moody's downgrade of Fosun's international rating, we believe, is the future of Fosun has an overly pessimistic presupposition or estimate ."

 The Fosun Group said that judging Fosun's actual perception of debt risk by the level of data and the change of debt structure is more like a false professional misjudgment quote

Net operating cash flow continued to decline, foreign media reported that Fosun sold rookie equity to withdraw funds

 At the holding company level, Fosun International's liquidity (measured by adjusted operating cash flow interest)/interest coverage is weak, Moody's said. Moody's expects the ratio to remain well below double over the next 12-18 months, as its recurrent income (i.e. dividends mainly from base investments) will not be sufficient to cover its interest and operating expenses.

 It is worth noting that in recent years, Fosun's net operating cash flow has been declining year after year. In the last three years, the index is 30.453 billion yuan,13.302 billion yuan, and 7.834 billion yuan respectively. It can be seen that its ability to operate and obtain the cash is deteriorating, and its ability to guarantee debt and interest is declining.

 In the case of insufficient hematopoiesis, Fosun international debt service mainly depends on external financing. However, in 2019, Fosun net international financing cash flow from net inflow to net outflow, a significant outflow of 4.754 billion yuan.

 Another sign of the deteriorating financing environment is the rise in corporate lending interest rates, which ranged from 0.5 percent to 17.65 percent in 2019 and from 0 percent to 9.8 percent in the same period in 2018.

 In addition to the income brought by the change of fair value, the actual dividend income is not enough to cover the interest expenditure. In 2018-2019, Fosun International received interest and dividends (investments) of 2.265 billion and 5.868 billion, respectively.

 Aware of liquidity problems, Fosun International took measures to speed up asset recovery, which once triggered speculation about its capital constraints.

 In June, Reuters reported that Fosun International was negotiating with Alibaba and others to sell its shares in the smart logistics network rookie for a $20 billion valuation. Alibaba, Cainiao and found declined to comment on reports of the transfer of shares.

 Cainiao's stake was acquired by Fosun International in 2013 at 500 million yuan, accounting for 10 percent. In 2019, Alibaba announced an investment of 23.3 billion yuan in capital and old shares, increasing its stake in Cainiao from about 51 percent to 63 percent, while fosun's stake was diluted.

 According to the annual report, Fosun currently holds 5.81 percent of rookie shares, which are valued at $1.162 billion.

 In addition, on the evening of July 6, Guangdong High-Speed A announced that shareholders Yadong Fosun Asian Federation intended to transfer 202 million shares of the company's shares to Shandong High-Speed Investment Development Co., Ltd., a wholly-owned subsidiary of Shandong High Speed by agreement. It accounts for 9.68% of the total share capital of the company.

 According to public information, The controlling shareholder of the Fosun Asian Union is Nangang Union, The actual controller is Guo Guangchang, Guangdong Expressway A" Cohesion quote; Because of the total price of more than 4 billion yuan in 2015 major asset restructuring. At that time, the additional price was 4.94 yuan, As of 3 July this year, Guangdong High-Speed A closed at 7.15 yuan, Based on the calculation of East Asia Fosun Asian Union holding four years floating earnings 45, It's about 446 million yuan.

 Will Fosun sell more assets to cut debt? CNMOULDING will continue to pay attention to.

Per capita disposable income in Shanghai

Recently, the National Bureau of Statistics website announced the first half of 2020,31 provinces residents per capita disposable income.

 In the first half of 2020, Shanghai residents are proud of their disposable income of 36600 yuan(around 5250usd) per capita. Beijing followed closely, with a per capita disposable income of 34600 yuan in the first half of the year. Shanghai and Beijing are the only members of the "30,000 yuan club "of per capita disposable income in the first half of the year.

Here is the definition of per capita disposable income:

 Per capita disposable income in real life often used to refer to per capita disposable income, strictly speaking, this use is not accurate. The disposable income of the residents is the sum of the final consumption expenditure and savings that the residents can use for the discretionary income. Includes both cash income and in-kind income. According to the source of income, disposable income includes four items: wage income, net operating income, property net income and transfer net income. In other words: excluding social security, provident fund, personal tax and a series of accounts payable, the rest of the money is your disposable income

 I know that when this per capita data comes out, a large number of people say: how can I be averaged? Where do I get that much money? I'm dragging my feet again!

 But is this per capita disposable income really higher than the actual situation this year?

My first feeling about per capita disposable income in Shanghai is that the data is low.

 This is not to say that my salary is high but relative to the consumption in Shanghai.

 The National Bureau of Statistics has released per capita disposable income and per capita consumption in cities in the first half of the year.

From the statistical data, in the first half of the year, Shanghai people were the ablest to consume, and the per capita consumption expenditure again exceeded 20,000 yuan, which was also the only city in the country to break through 20,000 yuan.

 Beijing, Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, and Chongqing are located in the 10,000 yuan ladder, the remaining 22 places per capita consumption expenditure is below 10,000 yuan.

 The per capita disposable income in Shanghai in the first half of the year was 36577 yuan, and the per capita consumption expenditure was 20112 yuan. Although Shanghai earns the most, it also spends the most.

 Why can spend so much money in Shanghai? Let's make a simple calculation.

Dinner

 According to Shanghai consumption level: breakfast lunch =30 yuan,30*30=900 yuan

 This is already a very economical algorithm, plus overtime dinner, supper, weekend dinner and so on that can be more than 900.

 Transportation

 Commute to and from public transportation, compromise even 6 good, occasionally bad weather, bad mood and so on hit a car  Even 200! 21 working days*6 200=326 yuan

 Shopping consumption. Everyone thinks that girls buy strong, but in fact now boys in shopping is also unwilling to show weakness!

 Game clothes, shoe bags, monthly wages to hand, the first is to lose the shopping cart stored in the baby. Don't tell me,1000 yuan is always required.

 Human expenses

 Friends' birthday, colleagues married, these irregular factors, although not necessarily every month, but when met is a big expense, the average down to 500 yuan per month is absolutely no exaggeration.

 Love Fund

 Love is very beautiful, but the cost is not small, after all, is not ancient, flower watching the month can be fixed for life, modern life is where to spend money, said before the cost of a date in Shanghai? 800 yuan! All kinds of fees: rent, utilities, internet, telephone, membership account fees. If you say you're single, love money does n' t exist. So, at least sleep? The rent can be expensive, in Shanghai even if the suburbs can no longer be suburban, including your utilities, telephone charges, Internet charges,1500 a month is absolutely super conscience price. Total :900 326 1000 500 800 1500=5026

 The monthly guaranteed cost is 5026 yuan! This is not a mortgage, car loans, not to mention deposits, negative assets have been very contented!

 Per capita, disposable income is 36,577, or 6096 yuan per month. Relative to this only for reference 5026 yuan of basic consumption, do you think it is still high? U. N. Secretary-General George Guterres recently pointed out that the richest 26 people control half of the world's wealth. Twenty-six people control half the world's wealth, and I am a billionaire on average with one of the 26. At the same time, I think that I have brushed a video some time ago. At a press conference during the two sessions, the Prime Minister said that about 600 million people in China earn about 1000 yuan, not to mention in first-tier cities. Even in the second and third-tier cities is difficult to survive.  After this video came out, I looked at most of the comments below, thinking that the Prime Minister was very approachable and focused on the bottom income of the masses. But some people use the topic, whenever there is positive news in society, he has moved out of the Prime Minister's words, very proud to say: China has about 600 million people in the income of about 1000 yuan. It's like he knows the country best. 

 CNMOULDING think about it, no money is not terrible, no money and take it for granted is terrible. Since we are a small mold maker, a plastic injection molding machine technician income can reach $2000 a month, if you do not have money, can only show that you did not work hard.

The ultimate gnaw-- A sad, real case

 A man charged with fraud for months hiding his dead mother in a freezer

 Cnmoulding Definition: what is gnawing old age, adults do not work, basically rely on the money of parents to live on the decadent young people, such people in the current poor economic situation, a large number.

  "Then I thought that my mother had died and I had no security and that she had a $4,000 pension a month, and if anyone didn't know my mother had died, I could keep taking her pension.

 When asked why to hide the dead mother in the freezer, Wu answered. As of the case, Wu so fraud pension total 24000 yuan.

 June 14, surging news (www.thepaper.cn) reporter learned from the people's procuratorate in Baoshan District, Shanghai, a few days ago, the hospital to fraud charges against Wu.

 Baoshan District People's Procuratorate introduced, before, the neighborhood committee aunt Zhang found that has not seen sick Fu for several months, she came to the door several times also can not see people send messages also did not reply, always feel something is wrong. One day in November 2019, she and the community police came to Mrs. Fu's house, knocked on the door for half a day, no one responded. Aunt Zhang worried about the old lady alone in the home accident, let the community police inform locksmith. After the lock found that the old lady's son Wu Mou unexpectedly at home.

 Asked why not open the door, Wu Mou very resistant said he did not want to open the door, but also accused the police and aunt Zhang broke into the house, trying to drive them out of the door.

 Police and aunt zhang searched all the rooms, did not see the old lady. Police several inquiries, Wu said that the old lady went home, living in uncle's home. Wu's hesitant appearance, the room is still filled with a stink, let the police and aunt Zhang some alert. At this time, a large freezer in the living room attracted their attention, just when the police ready to open the freezer, was strongly blocked by Wu. Aunt Zhang immediately dials 110. Later, Wu admitted that his mother had died and was hidden in the freezer.

  We explained that the mother was sick and died, had been poor health, in early February 2019 began to collapse in the home, hospital treatment after 10 days after the body improved. Wu according to the mother's will to take her mother home to rest, but also invited a nurse to take care of her mother all day, monthly payment of 9000 yuan. Mother came home after the physical condition is not as good as a day, to later also can not eat, can only eat some fruit and protein powder and other things. At the beginning of April, the mother became unconscious. April 8 nurse found his death, the same day Wu paid wages, the nurse left.

 It was identified that the cause of the death of Mrs. Fu was multiple organ failure on the basis of malnutrition, adrenal cortical adenoma, hypertension, diabetes, and other diseases.

 Asked why the mother was not buried, Wu said:" I was a little sad before the mother's body, thinking about how to deal with her body the next day ." Then I thought that my mother had died and that my life was not secure, and that she had a pension of about 4000 yuan a month, and that if someone didn't know my mother had died, I could keep taking her pension. Considering that the body will rot in the home to produce a bad smell, Wu on the Internet to buy a large freezer, Mrs. Fu's body into the freezer. In order to avoid others see doubt, Wu refused to answer the phone, refused to open the door.

 Then, Wu Mou with his mother's identity card, bank card, the mother's pension of a total of 20,000 yuan to their own account, other accounts in the money were transferred to Wu Mou's name.

 After that, Wu continued to receive her mother's pension until the crime.

 Baoshan District People's Procuratorate, after examination and determination, Wu Mou to illegal possession for the purpose of concealing the truth, fraud pension total more than 24000 yuan, a large amount, the facts of the crime is clear, the evidence is indeed sufficient, fraud to prosecute.

   The public prosecutor said that the social security fund is the common people's "life-saving money ", related to the vital interests of the people, for malicious fraud, false or repeated collection of social security fund illegal and criminal acts, the judicial organs will severely crackdown.

Protect Beijing! Protect Shanghai?

In accordance with the relevant provisions of the Frontier Health and Quarantine Law of the People's Republic of China, the Emergency Response Law of the People's Republic of China and the Civil Aviation Law of the People's Republic of China, it is decided to adjust the designated first entry point for international passenger flights destined for Beijing according to the changes in the epidemic situation. It is hereby announced as follows:

 1. Since 00:00(Beijing time) on June 8, Shanghai has been suspended as the first entry point, adding Chengdu, Changsha, Hefei and Lanzhou as the first entry points, and increasing Wuhan as the standby first entry point.

 After adjustment, the designated first entry points for international passenger flights destined for Beijing are: Chengdu, Changsha, Hefei, Lanzhou, Tianjin, Shijiazhuang, Taiyuan, Hohhot, Jinan, Qingdao, Nanjing, Shenyang, Dalian, Zhengzhou, Xi'an and Wuhan, of which Wuhan is the reserve entry point.

 2. The designated first entry point for each airline flight may be consulted on the official website of the Civil Aviation Administration and the airline.

 Passengers on the above-mentioned international flights shall carry out quarantine inspection and go through entry formalities at the first entry point, and clear their luggage. Passengers eligible for quarantine boarding can take the original flight to Beijing. The goods carried in the belly cabin are cleared in Beijing.

 The arrangements for designating the first entry point for international flights destined for Beijing and the relevant measures will be adjusted according to the changes of the epidemic situation.

I really can't afford a mortgage!

Mortgage foreclosure, ongoing in the bigger city of china

Abstract: when all walks of life are facing the dilemma of layoffs, when there is a large number of unemployed people when countless mortgage loans are not paid to continue to face a cut, this is the darkest moment the epidemic has brought us.

 A Shanghai programmer with a monthly salary of 35,000 complained on the Internet that he had just bought 6 million houses for 20,000 a month. This is common in China's first-tier cities, where many families pay their last coins to buy a house.

 For families carrying car loans, once there is a wind, it is basically unbearable. Of course, there is no money to raise, and there are a lot of people who finally give up their houses. I really can't afford a mortgage! In the wake of the epidemic, mortgage foreclosures continued.

Recently, we see the situation is salary withholding, salary halved, bonus cancellation, no pay leave, early holiday, and so on, all kinds of names have appeared, enterprises only to increase revenue and cut expenditure, the cost down. The only thing businesses have to do to cope with recession is shrinking. At home, layoffs, pay cuts, housing foreclosures are also happening. At the beginning of March, the Indian hotel chain brand OYO will lay off 5,000 people worldwide, including 3,000 Chinese employees.

 At the end of April, Wanda Film revealed that it would cut 20% to 30% of its staff, mainly front-line staff. Real estate, used cars, tourism, advertising media, and other fields of large-scale well-known enterprises, have begun to optimize the organization of personnel.

 In April 2020, the unemployment rate in the national urban survey was 6.0%, up 0.1 percentage points from March, and the number of unemployed people was still rising. When all walks of life are faced with layoffs, when there is a huge number of unemployed people, when countless mortgages are not paid to continue to face a cut, this is the epidemic brought us a dark moment.

 Our mold manufacturing industry is also not good now, once the big customers do not place orders, the company will fall into big problems.