South Korean Enterprises In China Decline In 2011
According to the Chosun Ilbo daily, according to the 26 Korean trade and industry conference announced on the more than 200 Chinese enterprises in China, the results of the survey were significantly lower than those of last year.
Only 44.5% of enterprises with sales increased by more than 5% this year.
Sale
The number of enterprises with a year-on-year decrease of more than 5% accounted for 30.5%, while the "roughly consistent" enterprises accounted for 18%, while 7% of the enterprises did not respond.
Last year, 61.8% of companies said sales were up.
increase
More than 10%.
The biggest reason for sluggish performance is "export downturn" (20.8%).
Followed by "intensification of competition with Chinese local enterprises" (18.8%), "rising prices of products for reasons such as rising wages" (16.7%), "domestic demand is not strong" (14.6%), and "career adjustment" (12.5%).
The survey found that small and medium-sized enterprises with weak market base and shortage of funds face greater difficulties.
This year, Korean enterprises' investment in the Chinese market has increased significantly.
57.5% of companies said they had expanded investment over the same period last year, up from last year's survey data (46.8%).
It is expected that South Korea's enterprises will have a strong influence on China next year.
Investment
It will continue to increase.
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