男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Alarm over China's SMEs

Updated: 2011-09-30 08:17

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

In stark contrast to the rosy outlook for the Chinese economy, reports about the sudden disappearance of some business owners in Wenzhou has revealed a surprisingly gloomy picture for small and medium-sized enterprises (SMEs).

Without clear evidence of widespread closures among small businesses, Chinese policymakers certainly do not need to rush to put the brakes on the tightening measures they have adopted this year to fight rising inflation.

But that does not mean they can afford to continue ignoring the lack of bank loans for SMEs, which apparently have been hit particularly hard by measures to tighten borrowing.

For those who want to be bearish on China, intensifying financial troubles for some business owners in Wenzhou, China's SME heartland, will surely be taken as fresh evidence for their bet against the Chinese economy.

Amid rumors that a growing number of local entrepreneurs are having difficulty paying off loans from underground banks, which operate in a legal gray area, the alarmist talk that SMEs in Wenzhou may be on the brink of collapse is no wonder.

Though a full-blown crisis for China's SMEs may be still far from reality, recent cases in Wenzhou do justify close attention from policymakers on the financing difficulties of enterprises that were once the country's most vibrant.

In the face of mounting public criticism that major State banks have given too much credit to large State-backed companies, the banking sector has been quick to argue that it has not starved SMEs of loans as the country tries to fight inflation by tightening the reins on credit.

Outstanding loans to small firms grew 26.6 percent year-on-year to hit 9.85 trillion yuan ($1.55 trillion) at the end of July, and the growth was 10 percentage points higher than that of the banks' total outstanding loans.

Admittedly, such statistics indicate domestic banks have granted a somewhat bigger share of their loans to SMEs this year. But it does not touch upon the huge gap between actual bank loans and SMEs' financing needs or whether the banking sector has narrowed that gap.

More importantly, Chinese policymakers should be aware that SMEs' lack of financing is only the symptom but not the root cause of their difficulty surviving.

A widespread credit squeeze might have forced the SME sector to undergo the painful process of restructuring. But the big challenge for SMEs is how to absorb the climbing costs of labor, land and other resources as China's transformation of growth patterns accelerates.

Policymakers can again prove wrong those who are skeptical about its growth potential. But, first and at foremost, they must address the troubles facing SMEs.

(China Daily 09/30/2011 page8)

主站蜘蛛池模板: 扶余县| 南昌县| 东阿县| 肥东县| 翁源县| 揭西县| 扎赉特旗| 百色市| 呼玛县| 余姚市| 宽甸| 农安县| 渝中区| 定襄县| 潼南县| 通榆县| 运城市| 介休市| 呈贡县| 剑河县| 金湖县| 蒙山县| 高青县| 湖州市| 巴彦淖尔市| 遵义县| 岱山县| 古田县| 湖州市| 思茅市| 锦州市| 涟源市| 青海省| 元氏县| 宜宾市| 桑植县| 德清县| 阳原县| 乌什县| 新野县| 泌阳县| 承德县| 泰安市| 栾川县| 叙永县| 沙湾县| 冕宁县| 新乐市| 崇仁县| 奉化市| 平果县| 镇赉县| 遵义市| 古交市| 平凉市| 沂水县| 宜宾县| 德安县| 无锡市| 沈丘县| 酒泉市| 满城县| 田阳县| 阿勒泰市| 炉霍县| 德化县| 花垣县| 松溪县| 虎林市| 海兴县| 若羌县| 威远县| 建始县| 铜陵市| 和田市| 冷水江市| 神木县| 东光县| 遂平县| 兰溪市| 卫辉市| 报价|