Latest News:  
Beijing   Sunny    30 / 16 ℃  City Forecast

Home>>China Society

Laid-off worker creates million yuan business


13:42, May 02, 2012

Shi Rong, manager of Fulinmen Moving co., is answering phone calls from customers wanting to move homes or offices in Harbin, capital city of northeast China's Heilongjiang Province. [Photo by Jiao Meng]

Government-subsidized-interest micro credits help laid-off workers set up their own businesses as well as create new jobs.

In an office space of less than 5m2, Shi Rong is busy answering phone calls from customers who want to move homes or offices.

Established in 2007, her company now employs over 30 workers and owns 11 container trucks. Last year's turnover came to more than 1 million yuan (US$0.16 million), which made her one of the most influential moving companies in Harbin.

Moreover, she has purchased a carton factory and offers cardboard boxes to customers at lowered costs.

Few could imagine her current fortune started with 20,000 yuan (about US$3,182) in government-subsidized-interest micro credits in 2007.

As a laid-off worker who lost her job in November 2005, Shi tried many temporary jobs, such as selling fruit, baking sweet potatoes and polishing shoes, to make a living.

Unfortunately, her husband got laid off three months later. The couple then decided to start up moving company amid the booming real estate market at that time.

"We spent all of our savings on a second-hand container truck. My husband was the driver and worker. We also hired another two workers," said Shi.

At that time, business was prosperous. Before long, her company needed more trucks to keep up with the growing number of moving requests.

"I was eager to get a loan and expand my business. However, I didn't have any mortgages or guarantors."

【1】 【2】 【3】


Leave your comment0 comments

  1. Name


Selections for you

  1. Naval escort taskforce 171 makes port call, HK

  2. A visit to "the last Shangri-La"

  3. Traditional Tibetan Opera performance

  4. Cave workshop of traditional papermaking

Most Popular


  1. EU commissioner looks to increase investment
  2. Commodities trading a hurdle for global yuan use
  3. Relations reach new heights
  4. China opposes Philippine school in S. China Sea
  5. Top adviser's visit promotes friendship, cooperation
  6. Where does the world go from here?
  7. Panicky responses to shootings harm students
  8. ChiNext delisting policies ramp up risk for investors
  9. Motives behind Tokyo's claim to buy Diaoyu Islands
  10. Huangyan crisis hints long-term tensions

What's happening in China

More efforts to expand imports for balanced trade

  1. Medicine firms slammed for using stars
  2. Fake capsule crackdown expanded
  3. Young migrant workers prefer Shanghai
  4. Taipei's Palace Museum to expand
  5. Sichuan storms strand thousands of passengers

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai