In a move to prevent the devastation of small-to-medium enterprises (SME) by the global economic crisis, China's petrochemical majors are being compelled to cut output. 67,000 previously profitable SMMEs have collapsed during H1-08 as per data from government think-tank National Development and Reform Commission, mainly because SMEs were facing difficulties accessing credit.
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Wednesday, November 05, 2008
China's petrochemical majors compelled to reduce output to prevent ruin of SMEs
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