Private enterprises in 30 years- Investment confident that upon the re.doc

 PAGE \* MERGEFORMAT 11 Private enterprises in 30 years: Investment confident that upon the re What year is not the same as this year such a troubled economic situation is also true: RMB appreciation, raw material prices, rising prices, the stock market hardest-hit property market sluggish, businesses, and so the decline in exports. In recent weeks, including the ‘People’s Daily’, including the official media have spread the ‘China’s economic growth this year has been tempered by’ information. Recently, private enterprise is said trouble began to spread rapidly across the country, the central high-level research frequently went to the coastal areas. Invoke the report said, in order to avoid economic swings, Premier Wen Jiabao went to Jiangsu, Shanghai, Vice-President Xi Jinping to visit Guangdong, Chinese Vice Premier Wang Qishan went to Shandong, Minister of Commerce Chen Deming in Wenzhou and other places start research, but also, research is still continuing. Private enterprises have the brink of bankruptcy? As Premier Wen Jiabao has said, China’s economy in 2008 is the most difficult year. The first 5 months of this year, the situation shows that in 2008 China’s private economy will also be the most difficult year. In the ongoing macro-control under the private enterprises has been a greater impact: from a tight monetary policy has increased the difficulty of financing private enterprises; and raw materials prices remained high in May producer price index 8.2%, the highest 43-month a new high; in the context of accelerated urbanization, land prices remain high; the implementation of the new Labor Contract Law of enterprises increased employment costs; the export tax rebate policy change, reducing the efficiency of enterprises. Now, some private enterprises has reached the edge of bankruptcy, which can not but cause concern. According to media reports, in March of this year, Hangzhou South Hope Information Industry Group Co., Ltd. (hereinafter referred