Cold hit jewelry business challenges and opportunities facing – jewelry, cold –
Butterfly effect, a South American rain forest in the Amazon River Basin butterfly, occasionally flapping its wings a few may be caused in two weeks in a Texas tornado.
? 1963, the meteorologist Lorenz proposed If you know the "butterfly effect", will believe the end of September the global financial crisis since the serious consequences of what will be? Lehman Brothers bankruptcy is like a butterfly in the Amazon basin flapping their wings, triggering global financial turmoil. Although separated by thousands of miles away from China, the world economy is an important part of the whole crisis clearly can not spared, he sacrifice the long corner.
2008 10 9 CCTV "Evening News" reported that the investigation under the authority of the department data show that the global financial crisis, the people of the jewelry consumer demand begins to slow down, and also expect the global diamond prices will be lower. The report cited Japan as part of the family affected by the crisis, has begun to reduce the high-end jewelry and household items or simply cancel the purchase amount of such spending as an example.
Has passed on the 4th, the Hong Kong Financial Secretary John Tsang to attend the 13th session of the Legislative Council House Committee noted that the financial turmoil from Hong Kong have become increasingly close. Hong Kong as an international financial center, will inevitably be affected. Estimated that Hong Kong's economy next year, increasing the risk of a recession, he asked the regulators alert everyone to meet this challenge. Chairman of the Hong Kong General Chamber of Commerce is Brandler predicted follow-up with the impact of financial crisis in 2009, Hong Kong will face a challenge, many small and medium enterprises do not rule out the possibility there will be a shortage of funds and the brink of collapse risk. His words speak for several days, however, there are four large companies in Hong Kong suffered the catastrophe, including business clothing chain U-right of the listed company U-right International Holdings Limited, 62-year-old chain, Tai Lin Radio old appliances, jewelry stores Gold Jewellery listed companies and one of the world's largest contract manufacturers of toys listed Smart Union Group.
Many economists and CEO for Mainland Chinese enterprises can not help but start a little worried, as the financial crisis next pay a heavy price will be?
Face winter, who will feel the cold?
Back in March 2008, Premier Wen Jiabao in the face of foreign reporter's question, admits that the Chinese economy this year will be the most difficult year. To this end the chief economist Yao Jingyuan, National Bureau of Statistics also raised the 2008 reform and opening up China's economy will face the biggest test of three years, said one. "There are too many unpredictable factors. As we see from the entry in 2008 to domestic natural disasters, rising inflationary pressures, rising energy and raw material prices, as the external economic environment has deteriorated, the Chinese economic growth will slow down and worrying. "
Did not expect that only a few months apart, this concern began to reflect on the Chinese mainland. Volatile stocks, real estate price reduction, oil prices in the global economy is facing collapse, China's booming Pearl River Delta region of the original school of business enterprises have trouble processing and the verge of bankruptcy, resulting in a bumper harvest this should be the face early autumn when the winter . 23 September 63 of the UN General Assembly general debate, the UN Secretary-General Ban Ki-moon is warning in his speech: "We are facing the global financial crisis and this crisis will affect everyone's life."
Pervasiveness of the crisis affecting the deep has been reminiscent of the 1929 world economic crisis, that crisis lasted for five years, directly endanger the Great Depression of the global economy, businesses of factory closures, unemployment . On to the rich, down to the common people, have fear of the future and, on the economic recovery of confidence fell to the bottom. 79 years later, China as the world's fourth largest economy in the crisis also affected to some extent, China's jewelry industry, as part of the fruits of economic development, its future will undoubtedly become the vagaries of the global economy a mystery.
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