Hibernation or hide and seek?
- From: Vol 9, Issue 11 (November 2008)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Hitachi Zosen, Membrane Technologies Ltd and Mitsui & Co.
The financial crisis has sent Chinese water companies into hibernation. Despite the government’s new stimulus package, it will still weed out the weaker players, argues GWI’s China editor Kathy Liu.
Even China is not immune to the global economic crisis. During the Asian financial crisis of 1997, the country was able to weather the storm, but in 2008, China has found itself as exposed as other major economies as a result of investments in US securities and huge foreign exchange reserves. To make matters worse, a severe winter, a downturn ...
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