26 Mar 09 The Financial Crisis Deepened

   The Financial Crisis Deepened

It seems that there will be an E-crisis every 10 years. 1998 the Asia financial crisis and now the even big the global financial crisis.
The common people will not affected a lot by this in 2008 as many told me it seems that China seems not affect by it. But what I know just around me. Many farmer works went home early before the spring festival and most stay at home till now.
65% small-mid factories closed in the coast area
The GDP growth rate is down from 9% to 7%
The foreign trade is extremely affected by it. Let ‘s take the china wholesale for example.
The main products of china wholesaler are wholesale headphone from china wholesale mobile phone wholesale as seen on TV .
But now since the E- crisis the china wholesale industrial is down to the lowest point.

Tags: Business worldwide