12-08-2008, 04:40 AM
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Join Date: Jan 2007
Posts: 13,788
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Officials: East China's private firms face difficulty, but not as serious as reported
Officials and industry leaders Monday admitted private enterprises in eastern Zhejiang Province faced difficulty under the current macroeconomic situation but noted it was not as serious as media had reported.
"Private firms in our province did suffer a reduction in profit, tight liquidity and a low level of creativity," said Liu Ting, deputy director of the Zhejiang provincial development and reform commission, at a press conference in Beijing.
The province contributed 203 firms ...
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