http://timeweekly.tianyablog.com/blogger/post_show.asp?BlogID=534653&PostID=15534365&idWriter=0&Key=0

Here's an article talking about the affect of financial crisis on China's manufacturing industry.

Quoting from [charlielaw48]:

http://timeweekly.tianyablog.com/blogger/post_show.asp?BlogID=534653&PostID=15534365&idWriter=0&Key=0


Here's an article talking about the affect of financial crisis on China's manufacturing industry.

Hello ! Got it

Quoting from [charlielaw48]:

http://timeweekly.tianyablog.com/blogger/post_show.asp?BlogID=534653&PostID=15534365&idWriter=0&Key=0


Here's an article talking about the affect of financial crisis on China's manufacturing industry.

it's not suitable to quote chinese articles here.

thanks

Quoting from [charlielaw48]:

http://timeweekly.tianyablog.com/blogger/post_show.asp?BlogID=534653&PostID=15534365&idWriter=0&Key=0

Here's an article talking about the affect of financial crisis on China's manufacturing industry.

The problem is Global, as the trade-off for globalisation.


This economical crisis brings opportunities, as previous high-priced blue chip stocks are now within the reach of ordinary people. According to economist, it is a Economical Cycle, out of every 800 months, there is a bubble burst, and the system reset to a new start. This downtime lasts for 8 months, then the momentum picks up again.


Communities and nations will go back to basic, on the survival needs of the lowest rung of the Maslow's Need Ladder. This will be the "test filter" for all businesses, only the necessities, the must-have industries such as food and shelter and health industries will survive.


We are seeing the beggining of the consequences: toy factories in China are closing down, fueled by the scare in the safety of these plaything of little children. Other industries such as the Electronic chip makers are seeing a double digit drop in their sales. Luxuary items are also having a depression, travel, tourism industries and jeweleries are also on the chopping block.


For the first time, Economic growth of China fell to single digit. Forecasts by developed and developing countries fell by as much as 5% of GDP, as more financial resources have to be spent on energy and losses in the bad loans by banks to the houses in USA and some other countries.


Companies tend to go on damage-control mode, cut down expenses, lavish spendings and redundant employment cost, more companies outsource their manpower need. It is like the winter, where bears dig in and hybernate, conserving their energies and reduce activities to tide over the season of the cold winter. That's the word use in the Stock Exchange: The Bear Run.


Joy