www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

您現(xiàn)在的位置: Language Tips> Audio & Video> China Daily Media News  
   
 





 
Finding capital for SMEs
[ 2008-08-27 14:34 ]

 

The central government has introduced a series of measures to provide the much-needed financing to small and medium-sized enterprises (SMEs) facing unprecedented problems arising from surging energy and material costs and weakening overseas demand.

Compared with the well-capitalized large State-owned enterprises, SMEs are much more vulnerable to both domestic and global economic uncertainties, economists and industry experts said.

Latest statistics from the National Development and Reform Commission show that in the first six months of 2008, about 10 percent of SMEs reported an average 15 percentage point drop in their industrial output growth from a year earlier to 30 percent. This indicates a significant shrinkage in their profit margins.

SMEs have also been hit by the credit crunch resulting from the government's tightening monetary policy to fight inflation.

The dearth of bank loans has exacerbated the capital shortage of many SMEs, straining their production capability and ability to make longer-term plans. Some are reported to have suspended production, having run out of working capital.

At a time when credit is tight, banks have understandably focused lending operations on traditional customers - large State-owned enterprises, which are much more creditworthy than SMEs.

According to figures released by the China Banking Regulatory Commission, total loans obtained by SMEs in the first quarter of 2008 dropped by 30 billion yuan year-on-year.

Aggregate lending by commercial banks in the first quarter of 2008 amounted to 2.2 trillion yuan, of which only 300 billion yuan was extended to SMEs, accounting for 15 percent of the total.

To address the problem of insufficient funding for small businesses, the central government has taken several steps to provide the capital-thirsty SMEs with a wider access to loans.

In early August, the National Development and Reform Commission said it was considering establishing a bank specializing in lending to SMEs to broaden their sources of finance.

A week later, the People's Bank of China increased the annual loan quota by 5 percent for national commercial banks and by 10 percent for local commercial banks, taking into consideration that SMEs make up a larger proportion of their clients.

In addition to the efforts made by the central government, many local private-sector trade agencies have organized financing opportunities for SMEs.

In Wenzhou, in Zhejiang province, home to the biggest number of SMEs in China, 16 new microcredit lenders are in the process of being established, according to Zhou Dewen, president of Wenzhou council for the development promotion of small and medium-sized enterprises.

"Private capital is playing an increasingly important role in funding the growth of SMEs," Zhou told China Daily. "More private capital is being pumped into SMEs in the form of microcredit, to help ease their capital shortage."

According to Zhou, 20 percent of all SMEs in the city have suspended production this year because of capital shortage. Zhou also said more than 270 loan guarantee agencies have been established in Wenzhou to help SMEs obtain bank loans. There were only two such loan guarantee agencies in 2000.

An industrial upgrade has become necessary in Wenzhou as the city has relied too heavily on traditional labor-intensive manufacturing for too long and is paying for it now.

Zhou said the local government in Wenzhou is trying all means to create a balanced economy by increasing the proportion of high value-added industries, including shipping, electromechanical and biopharmaceutical sectors.

(英語點(diǎn)津 Helen 編輯)

Finding capital for SMEsBrendan joined The China Daily in 2007 as a language polisher in the Language Tips Department, where he writes a regular column for Chinese English Language learners, reads audio news for listeners and anchors the weekly video news in addition to assisting with on location stories. Elsewhere he writes Op’Ed pieces with a China focus that feature in the Daily’s Website opinion section.

He received his B.A. and Post Grad Dip from Curtin University in 1997 and his Masters in Community Development and Management from Charles Darwin University in 2003. He has taught in Japan, England, Australia and most recently China. His articles have featured in the Bangkok Post, The Taipei Times, The Asia News Network and in-flight magazines.

 

 
英語點(diǎn)津版權(quán)說明:凡注明來源為“英語點(diǎn)津:XXX(署名)”的原創(chuàng)作品,除與中國日報網(wǎng)簽署英語點(diǎn)津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請與010-84883631聯(lián)系;凡本網(wǎng)注明“來源:XXX(非英語點(diǎn)津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請與稿件來源方聯(lián)系,如產(chǎn)生任何問題與本網(wǎng)無關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請?zhí)峁┌鏅?quán)證明,以便盡快刪除。
相關(guān)文章 Related Story
 
 
 
本頻道最新推薦
 
Walking in the US first lady's shoes
“準(zhǔn)確無誤”如何表達(dá)
英國新晉超女蘇珊大媽改頭換面
豬流感 swine flu
你有l(wèi)ottery mentality嗎
翻吧推薦
 
論壇熱貼
 
別亂扔垃圾。怎么譯這個亂字呀?
橘子,橙子用英文怎么區(qū)分?
看Gossip Girl學(xué)英語
端午節(jié)怎么翻譯?
母親,您在天堂還好嗎?

 

主站蜘蛛池模板: 成人国产在线不卡视频 | 欧美一级α片毛片免费观看 | 伊人22综合| 看一级毛片一区二区三区免费 | 秀人网私拍福利视频在线 | 正在播放的国产a一片 | 日本一区不卡视频 | aaaaaa级特色特黄的毛片 | 国产一及毛片 | 在线看黄网址 | 久操免费在线视频 | 亚洲专区视频 | 91热在线观看精品 | 亚洲在线影院 | 国产精品96久久久久久久 | 黄片毛片在线观看 | 收集最新中文国产中文字幕 | 美女性视频网站 | 思99re久久这里只有精品首页 | 欧美成人高清视频 | 在线视频久久 | 久草经典视频 | 国产精品久久精品视 | 国产欧美日本亚洲精品五区 | 亚洲欧美自拍视频 | 视频一区在线免费观看 | 国产精品合集一区二区 | 美女被免费网站视频软件 | 成人影院一区二区三区 | 免费一级欧美性大片 | 一区二区三区免费高清视频 | 午夜大片免费男女爽爽影院久久 | 久久亚洲不卡一区二区 | 亚洲精品一区二区三区 | 99爱免费观看视频在线 | 国产成年网站v片在线观看 国产成人aa在线视频 | 国产一区二区三区在线免费 | 国产精品久久久天天影视香蕉 | 免费一区二区 | 亚洲爽爽| 精品国产一区二区三区久久影院 |