Survey shows Pearl River Delta Hong Kong businessmen pick-up confidence warmer

According to a survey published by our correspondent Qianjie Hong Kong Chinese Manufacturers ' Association ("the manufacturer"), the business confidence of Hong Kong businessmen in the PRD over the next two years is markedly warmer, and more than 70% of the respondents ' export orders this year are equivalent to or increased from last year. At the same time, the continued rise in labour costs has become the biggest worry for exporters in the Pearl River Delta.　　More than 90% per cent of the respondents suffered from labour shortages, with an average shortfall of 20%. At a press conference held on 25th, the Factory Chamber of Commerce released a questionnaire survey of 222 member companies in the 3-4-month period--a survey of the Pearl River Delta Business Prospects questionnaire. The report showed that as the financial tsunami faded, orders for exporters in the PRD rose markedly, with 46.8% per cent of the companies surveyed receiving orders that had rebounded to a year earlier in the first quarter of this year, while 28.5% of those surveyed had risen by an average of 25.8% per cent over a year earlier; only 25%　　's orders were less than a year earlier, averaging 28.3% per cent, with most companies predicting further improvements in overall exports this year. In addition, these companies continue to outperform exports in their domestic business, with only 6.7% per cent expected to be less than last year, with nearly half of the companies bullish on the domestic market, which is expected to rise by as much as 30% this year.　　Respondents to the company's business prospects for the next two years are mostly positive views, that the industry as a whole business will shrink from 62.1% in 2009 to 41.9%, reflecting the Pearl River delta manufacturer's operating confidence has gradually regained its lost ground. As the main force of export-oriented manufacturing industry, the business situation of Hong Kong businessmen in the PRD has always been seen as an important indicator of China's economy. According to the factory Chamber of Commerce Vice President Yang Zhixiong introduced, in response to the survey of the 222 enterprises, 160 (accounted for 72.1%) at present in the Pearl River Delta engaged in production operations.　　These enterprises from the electronics, clothing, plastics, metals, textiles, food and other industries, most of the use of wholly-owned business, and concentrated in Shenzhen, Dongguan and Guangzhou, the three major regions, employing an average of 991 employees; among them, recorded was the first local investment in 1985-1999. The results also show that the market competition and the customers ' prices are getting worse as the order picks up. At the same time, the risk of rising labour costs, rising raw material prices and a revaluation of the renminbi has re-emerged.