How will the financial crisis hit companies in China?
This is also an opportunity for Chinese companies to review what they are doing. In good times there has always been a market for them. But now they have to consider survival and development. Some companies may be driven out of the market, but the better ones will find out how to survive and strategically develop, producing quality products that comply with international standards and regulations. Many companies will emerge as new and rejuvenated enterprises after the crisis. What is your advice for SMEs in these troubled economic times? SMEs today must focus on quality because, at this difficult time, only quality products can sell. Second, SMEs have to change their export mentality to catering for domestic consumption. Third, SMEs should think of how to maximise efficiency. But SMEs, in the face of a new environment, must look for new opportunities. They should not just think of survival. That’s too complacent. Bad times give us hope, too. How can SMEs best position themselves? It’s
