Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
57.4% of entrepreneurs believe financial crisis has huge impact on China
+ -
15:51, November 20, 2008

 Related Channel News
· U.S. financial crisis triggered global turmoil
 Comment  Tell A Friend
 Print Format  Save Article
How much does the widespread and intensified international financial crisis actually influence on China's economy? Answers to that question were given in a survey report entitled 'Entrepreneurs' Judgments, Assessments and Suggestions on the Macroeconomic Situation and Hot Spots of Reform,' released by the China Entrepreneurs Survey System on November 15.

When asked about the 'unfavorable influence of the U.S. sub-prime mortgage crisis on China's economy,' the survey shows that 57.4% of the entrepreneurs said the unfavorable influence was 'huge' or 'comparatively huge' and 31.8% said 'comparatively small.' Those who believed there was 'no influence' accounted for 2.7% and those who said 'unsure' comprised 8.1%.

When comparing different kinds of enterprises, over 60% of the entrepreneurs in large-sized enterprises, state-owned enterprises and holding companies, publicly listed companies, foreign companies and enterprises with investments from Hong Kong, Macao and Taiwan said the unfavorable influence was 'huge' or 'comparatively huge.' This percentage is noticeably higher than in other kinds of enterprises.

According to the survey result, the global financial turmoil triggered by the U.S. sub-prime mortgage crisis has already spread to the real economy, considerably weakening China's overseas market demand. Enterprises and private companies in eastern China, which are comparatively more dependent on exports, are the most affected. In particular, small and medium-sized enterprises have faced relatively more difficulties.

By People's Daily Online

  Your Message:   Most Commented:
World's largest pinata unveiled in Philadelphia 
Two Chinese sue Apple for patent infringement 
Tensions high in Gaza city
Profile: Barack Obama -- U.S. president-elect
U.S. economy contracts by 0.3% in third quarter

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved