Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

China manufacturers may Suffer
Published on: 2008-11-19
Share to
User Rating: / 0
PoorBest 

 
China's small manufacturers are likely to be starved of cash even after the government directed banks to increase lending as part of its 4 trillion CNY plan. Banks are likely to steer money to the public works that Premier Wen Jiabao is making a priority in the stimulus package unveiled last week. Those projects are considered a safer bet than manufacturers. ''Small businesses will continue to be in despair,'' said Wang Tao, an economist at UBS AG in Beijing, ''Despite the government's drive, banks are likely to concentrate on risk-free infrastructure projects.''
Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.