|
Welcome to my blog!
|
|
|
 |
|
February 1st, 2012
What the hard-pressed companies facing?
|
The economic rainstorm has already shocked the world, there are many measures published to slow down the economic inflation. The Wenzhou’s economic difficulties are under control and some enterprises would closed down have resumed operation following measures to settle down the financial situation.
The credit crisis has been controlled with a series of policies carried out by the government by ensuring a sufficient amount of bank loans were available for enterprises by the end of year. The SMEs (Small and Medium Companies) are facing the problems of economic running. The planning has brought the beneficial rose to 50 from the previous 30 at the end of 2011. The offering up to 12 billion RMB to support the development of small and medium-sized enterprises. In order to support small and medium-sized develop, five more authorized agencies would launched the task of offering private loans to SEMs particular.
With the help of government, the recovery and rebuild of enterprises got the choices of recover and slowly being put into practice. Due to the statistics, five enterprises in the city had started restructuring using 50 million yuan contributed by the local government. Fifteen business owners who fled the city had returned by the end of November.
Zhejiang Center Group, a maker of spectacles, resumed production on Oct 20 with almost 80 percent of its former employees returning to work. Fled to the United States on Sept 21, leaving behind debts of up to 2 billion yuan, including 1.2 billion yuan in high-interest loans from underground banks. He returned to Wenzhou on Oct 10 to restructure the company with the help of the local government and he expected the further business cooperation with more companies.
Most of the city's private money collectors have decided to end their underground banking activities for the moment and have adopted a wait-and-see policy until the market turns more favorable. The favorable policy would bring the more chances for b2b platform and incentive the promotion of the small and medium sized enterprises.
Manufacturers & Suppliers – Herostart.com
Tag: credit crisis, band loans, SMES
|
Posted by jessica879108 on February 1st, 2012, 14:22
| Trackbacks (0)
|
|
|
 |
|
|
|
|
