Saturday, November 22, 2008

Overheard... a Crazy Stat

Perhaps not so much overheard as seen on Pearl TV. According to some Hong Kong SME advocacy group, 40% of small and business enterprises have had their credit lines cut in the last month. This doesn't even account for companies who don't pursue or have credit like my own based in Hong Kong. During the same program however, it was also pointed out that China's new labor laws that force employers to offer permanent contracts have hurt companies even more particularly as demand slows down.

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