Zhejiang winter surgery: bargain-hunting opportunities to

"Out of such a big issue, many people who do no business to react." In the 21 December 2009 in Shanghai, Zhejiang Chamber of Commerce annual meeting, Alibaba CEO Jack Ma, Chairman of the Board says.

The current financial crisis, let Zhejiang generally felt the winter chill.

Shanghai and Zhejiang Chamber of Commerce, Shanghai Fuxing High-Tech (Holdings) Ltd Guo Guangchang at the annual meeting to remind many participants Zhejiang: "Entrepreneurs do not think about how difficult business, but to think of how to address the crisis. "

"Because of the crisis, companies back to fundamentals, this is the opportunity to start." Zhejiang enterprises Ma called for all representatives to the crisis in deeper thinking in its development.

Boost confidence

"The impact of the financial crisis to be severe than expected, export growth of 40-50% in previous years, the month from 1 to 10 this year, only 15% of two months only 8% to 9%." Zhou Xiaoguang, Shin Kong Holdings Co. chairman, who has experienced several economic cycles of the women entrepreneurs says, "but you can still earn a profit."

This seems to be the current state of mind of a true enterprise Zhejiang portrayal: the face of some business failures, lay-off "peak", the confidence to become the first choice of Zhejiang crisis.

"The market economy, there are cycles, there is prosperity, recession, the private economic face of this volatility, there is more to adapt to their ability to have full confidence in the emerging opportunities in the crisis should be sensitive sex. "United Front Work Department of Shanghai Yang Du at the annual meeting of the speech was warm applause from the participants.

"Confidence is more precious than gold and currency." Zhejiang Shanghai Chamber of Commerce has issued such an initiative.

According to Ma's view, the current financial crisis, the entrepreneurs have emerged, "a crisis of confidence + confidence crisis," but now need to increase trust and confidence.

"Tough winter, but I believe it was more difficult than you." Ma's speech, causing the audience knowing laughter.

And Guo Guangchang, feels that the company do not lay off, but after going through a rapid development of winter. "When you most feel the worst of times, not far from the end of winter, and have to get over it."

Focus on building advertising display manufacturing business in Shanghai and Hangzhou - Shanghai Electronic Technology Co., Ltd., chairman of Shun Yi Yao told this reporter a little country, "despite the financial crisis, but I am still very confident development of the company." "The financial crisis Our company's raw material price reduced by 50%, so we have confidence enough in this piece. "

Looking for new opportunities

Zhejiang businessmen seeking export, present a huge domestic demand began to realize - that the importance of aircraft carriage.

Yao said China strategy, "As in 2007, in time exports to domestic sales, sales revenue from 2007 from 70 million to 150 million liters."

"Although the LCD was the export volume, but low profits, while the domestic market big, so timely adjustments, cut the export business, fared far better." Yao said.

Yao, however, admits the domestic market competition is fierce, "but better than many mature markets of many foreign countries."

Fudan University, Professor Jiang Changjian very strongly about this, "the Chinese market well, is equivalent to the international market well."

For domestic market, with no turning Zhejiang enterprises, turning them to other emerging markets has become a common choice.

For example, when this year's Fair, from Brazil, Africa and other emerging markets far exceeds the growth rate of orders to developed country markets, which from the side to prove the correctness of the strategy, "We are the only negotiations are successful in Canton is that two clients from Belarus. "Wenzhou Yueqing a vehicle matching lamps manager told our reporter.

In the past, support for the lukewarm attitude of capital markets, Zhejiang, now began to give more of its attention.

"As the stock investment opportunities have appeared, we started to invest Fosun from now on, with a positive attitude to face opportunities." Guo Guangchang said.

Star Furniture Group directors on CEO Tso Wang said: "his chopper in the stock market has also begun a small trial."

Guo Guangchang also called: "To take advantage of this opportunity to pay close attention to mergers and acquisitions, extending its industrial chain, rich in its own industry chain, so deep, meticulous, thorough, after re-integration, opportunity will be more."

"In the real economy, we should pay attention to the brand, focusing on domestic demand." Guo Guangchang said, "With the bargain-hunting, you can find new growth bright spot."

In fact, the use of this opportunity acquisition of Zhejiang enterprises and few, Qianjiang Motorcycle Co., Ltd. acquired Italian motorcycle company Benelli company; Zhejiang Nice Group is a wholly-owned company bought the British subsidiary of the Lion of the three days company.

One participant said the Zhejiang business people, you can just use this opportunity to bargain-hunting and distribution enterprises in the Mainland, linked together to complete the layout of the Mainland is also a means of cost savings, while also a food reserve for the future means, "We have acquired a factory in Hubei, where what is cheaper labor."

The state has launched a series of financial policies for bargain-hunting business to provide financial support, "we found it much easier to borrow money than before." Yao told this reporter a little country.







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