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Chinese businesses hard hit by global financial crisis

The latest percussion of the global financial crisis has been felt in China with 7,000 workers with two toy-making factories being forced into unemployment in Guangdong Province. Smart Union Group (Holdings) Limited, a toy-making company that had... ...full story at People's Daily

from People's Daily on Fri, Oct 17 2008

see also:

11 Nov 08 visit Darryl Guppy, Financial Crisis & The China Economy: Part 2  »  YouTube videoStuart McPhee interviews with one of his mentors, Daryl Guppy in Dalian, China. Both Stuart and Daryl presented at the Global Chinese Financial Forum in Dalian, China on Thursday 30th October 2008. Guppy comments on the current financial crisis, the...
19 Oct 08 visit More job losses in S China amid global financial crisis  »  People's Daily Another 1,500 workers in south China have fallen victim to the current global financial crisis as they will have to find new jobs when their factory closes next week. Hong Kong-listed BEP International Holdings Limited announced it would shut its...
18 Feb 09 visit Province to step up security amid crisis  »  People's Daily Public security authorities in the southern province of Guangdong vowed yesterday to tighten efforts to maintain "a safe public order" amid closure of a large number of factories and forced unemployment of migrant workers due to the global financial...
08 Jan 09 visit Financial crisis drives away 600,000 migrant workers from S China economic engine  »  People's Daily An estimated 600,000 migrant workers have left China's southern Guangdong Province due to unemployment in 2008 after the worldwide financial crisis hit the region, a government official said Thursday. Guangdong Province Vice Governor Huang Yunlong...
29 Apr 09 visit EU, China urged to enhance co-op against global financial crisis  »  People's Daily Senior officials and scholars from the European Union (EU) and China held a conference in Brussels, urging the two sides to enhance cooperation dedicated to seeking a global solution to the financial crisis. "After the financial crisis hit us, we...
06 Sep 09 visit U.S. experts positive about China's role in global financial crisis  »  People's Daily As a very important part of the global economy, China has been playing a very positive role during the financial crisis and is making good progress of its futures market, said two financial experts from Chicago Board of Trade. Jack Scoville is the...

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