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Credit Crisis Casts Gloom Over China's Exporters Ahead of Biggest Export Fair |
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Wednesday, 15 October 2008 11:07 |
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As they prepare for China's biggest export fair this week, managers at Shunde Xiongfeng Electric Industrial Co. are anxious.
Sales of electric fans are down this year, and the financial crisis will likely further cut demand from overseas. The 5,000-employee company in the southern city of Shunde, near Hong Kong, sold 6 million electric fans abroad last year.
Source: Associated Press
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