Chinese firms facing difficulties
October 20th, 2008
A potential global recession is caused by the deteriorating US credit crisis, which is said to force many CEOs of Chinese enterprises to make emergent plan to cut production and corporate expenditure in preparation for leaner times. These companies have for years worked toward an export boom.
As the surplus goods, produced by the fall in exports, can not be digested by domestic market, many Chinese are possibly facing the problem of excess capacity, caused by easy and Read more…
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