When do you think the current financial crisis would gone?
By Tuanshun
@Tuanshun (138)
China
June 13, 2009 5:12am CST
Hi, mylotter. I know mylotters are from all over the world, and i'm from China.
Can you just describe what you see in your place under this terrible recession? Please list you Country.
And then we'll get better understanding when this recession would gone, welcome to discuss.
well, I'm from Guangdong Province, China. And these are what i see:
- A lot of factory are holding a banner: For rent, *** square metres.
- A lot of people start their own business for selling small goods by the street cos of payment decrease or layoff.
- A lot of restaurant shut down or customer largely decreased.
- As to the company i work in, orders reduced largely. A lot of people layoff or paying much less.
1 response
@batchelorboy (42)
•
13 Jun 09
I'm from England, UK. I'm confused at why the recession has become so bad. For example, a problem my country has is banks not being able to afford to give people loans, so more people can't buy homes and more people can't start their own businesses. However, the TV and newspapers show banks are still profiting by billions of pounds (Sterling)! It's not just banks, it's major companies making staff redundant to save costs but are still earning huge profits! It makes me angry that major organisations like banks can't take into consideration how more important people are to their profits and as long as major organisations are thinking of profits before anything else, the recession will never end and will get worse as it's creating a chain reaction all over the world.
