PodcastDirectory | Episode: Inside China Today - Ten thousand businesses in strife as Wenzhou enters economic downturn Podcast

Inside China Today - Ten thousand businesses in strife as Wenzhou enters economic downturn Episode | SOH News Desk

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Inside China Today - Ten thousand businesses in strife as Wenzhou enters economic downturn

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DATE : Mon, 14 Jul 2008 14:17:40 +0000
Entered in Database : 2008-07-14 14:17:40
length : 1
Link to the Show / Show Notes

Due to a range of influential factors such as escalating raw material costs, and unexpected Renminbi exchange rate trends, the most prosperous city in Zhejiang province, Wenzhou, has entered an economic downturn. Approximately twenty percent of businesses have ceased production, or have reduced production by half. According to Central News Agency reports in Taipei on July [...]

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