Latest News:  
Beijing   Overcast/Light rain    14 / 9   City Forecast

Home>>China Business

Support for small business buffers effects of global downturn

(China Daily)

09:15, November 03, 2011

Workers make clothes at a clothing factory in Huaibei city, Anhui province, earlier this month. Provided to China Daily

BEIJING - As the world looks at China ahead of the G20 summit in Cannes, France, the country's private sector is going through a hard time.

To deal with the woes, the central government has recently released a series of supportive policies targeting smaller businesses struggling in the swirl of a global downturn and inflation, experts said.

China's private economy is undergoing what might be the toughest time in its 30-year development, said Zhou Dewen, chairman of the Wenzhou Small and Medium-sized Enterprises Development Association.

"The challenges come from both home and overseas," Zhou said, explaining that renminbi appreciation, fewer orders and higher tariffs are squeezing earnings from the global market, while higher labor and material costs are raising expenditures.


【1】 【2】


 
 
     
 
 
 
     
 
 
 
  We Recommend  
 
 
 
     
 
 

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. IMF to get financial boost

  2. Kungfu fireman competes in games

  3. Fans perform at 6th Peking Opera Festival

  4. Trapped miners rescued after China coal mine accident kills 8

Most Popular

Opinions

  1. Future looks bright for China's bond market
  2. Online rumors dangerous to social order
  3. Widespread diesel crisis unlikely for China
  4. China braces itself for population aging
  5. China's aid to Pakistan shows true friendship
  6. China's securities industry pushed to diversify
  7. Experts weigh in on China's economy
  8. WTO sides with China in EU anti-dumping dispute
  9. US has no stomach for S. China Sea military clash
  10. 7 billion mark no cause for alarm

What's happening in China

Nation to prohibit regular lightbulbs in five years

  1. China's watchdog tests J&J baby shampoo
  2. Calls to boost nursing care for the elderly
  3. Credibility of Chinese organic food crippled
  4. Baby arouses concerns over hospital management
  5. More female officers hired to boost image

PD Online Data

  1. Tangerines and oranges
  2. Dried persimmon cake
  3. Guangdong candy
  4. Tangyuan
  5. What do Chinese eat during the Spring Festival?