The China Entrepreneurs Survey System released on November 15 the survey report "Entrepreneurs' Judgment, Evaluation and Suggestions on the Macroeconomic Situation and Hot Spots in Reform." The data in this report was collected between August and October of this year and it was the first detailed domestic entrepreneurial survey report investigating the impact of the financial crisis on the Chinese economy.
The report showed that entrepreneurs generally believed that in 2008, the economy had beening noticeably cooling down; export demands had decreased considerably; and domestic investment, especially the private demands for investment, had shown a noticeable decline and the increase in consumer demands was sluggish.
Many entrepreneurs expressed that the global financial turmoil caused by the sub-prime mortgage crisis in the US had spread to the real economy, leading to the obvious decline in the overseas market demand in China and enterprises in east China.
Private enterprises, which have a relatively higher degree of dependency on exports, were affected the most with medium and small enterprises facing more difficulties in particular.
By People's Daily Online
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