Whole Network Entrepreneurshi... Innovation IPOs News Policy Private Equity Venture Capital

 

Global Economic Slowdown Hitting China Hard

Filed in archive News by Greg Cruey on October 18, 2008

National Public Radio ran an interesting story this week on how the global economic slowdown is affecting China.

In the words of NPR reporter Louisa Lim:
The export sector - which has driven 30 years of double-digit growth rates - is struggling badly.
Lim focuses her report on Dongguan, a manufacturing hub in Guangdong Province between Guangzhou and Hong Kong. According to one factory manager there quoted by Lim:
There's almost no profit. Raw materials have gone up, the cost of labor has gone up, inflation - everything's gone up except for the cost of the product.
Lim also interviewed expat factory owners and Harley Seyedin, the president of the American Chamber of Commerce in South China.

The entire story is about five minutes long and you can listen to it here.

Global Economic Slowdown Hitting China Hard
Photo courtesy of iStockphoto, Ronnie Comeau








Permalink: Global Economic Slowdown Hitting China Hard
Tags: NPR  China  economy  American  Chamber  of  Commerce  in  South  China  Dongguan  Guangdong  china  global+econom 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/136545





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts

  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.


  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."


  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report VC and PE: education and training Venture Capital Yuan Renminbi