(0721 CR M09)SMEs BANKRUPTCY RUMORS UNTRUE
- 00:02:39
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(0721 CR M09)SMEs BANKRUPTCY RUMORS UNTRUE
From Xinhua News Agency: (0721 CR M09)SMEs BANKRUPTCY RUMORS UNTRUE DATELINE: July 21, 2011 LENGTH: 00:02:35 PKG INTRO A senior official has said that the rumors about a wave of bankruptcies of small and medium business are not a matter of fact, and the central government is mulling new policies to support these businesses. China Report has more. PKG Spokesman for the Ministry of Industry and Information Technology (MIIT) Zhu Hongren made the denial on Thursday. SOUNDBITE (ENGLISH) ZHU HONGREN, SPOKESMAN FOR MIIT: "I can assure you that the country is not under the situation of a large number of small and medium-sized enterprises going bust or the so-called 'wave of bankruptcies'." However, Zhu admitted that some of them are facing difficulties, such as a lack of legal financing channels, excessive increases in raw material prices, and increased costs for labor and financing, Official data show that China's small businesses contribute 60 percent of the country's industrial output. For the sake of Powered by www.newslook.com
The Video News Portal | July 21, 2011
