A “Cold Winter” for Private Manufacturing Enterprises

2008-01-20 02:44:20LIUQIONG
CHINA TODAY 2008年10期

LIU QIONG

MOST private Chineseenterprises are locatedin the country's south-east coastal region, in-cluding Jinjiang City in Fujian Prov-ince, Wenzhou City in Zhejiang Prov-ince and Dongguan City in GuangdongProvince. These enterprises are main-ly engaged in traditional labor-inten-sive manufacturing, such as footwear,garments, textiles, plastics, electroniccomponents, and metal or non-metalproducts. However, in 2008 signs ofa global economic slowdown have ap-peared. What impact has this had onyuan. However, the spiraling costs ofraw materials in 2008 have added to hiswoes. The situation is like a cold winterfor Xie.