Chapter 3975

In general, the enterprises introduced by Su Xinghui in Baozhou and Linshan were not too affected by the subprime mortgage crisis. This was mainly because Su Xinghui had always insisted on introducing high-tech enterprises. As long as they stood at the forefront of technology, they would always be in short supply.

The most affected in China were those relatively low-end manufacturing industries, those enterprises that relied entirely on production volume and national tax rebates and subsidies to survive. Foreign orders dropped significantly, which caused many enterprises to fall into difficulty immediately.

Especially those enterprises with small scale, single product variety, and relying entirely on foreign orders to arrange production, once foreign orders decreased, they were immediately on the verge of bankruptcy. For a time, the low-end manufacturing industry in China was wailing everywhere.

This also caused the economic growth of many places to slow down this year, which also made local leaders very annoyed, because now the GDP figure was the biggest guarantee for whether they could be promoted. Previously, China's economy had been growing steadily, but in the past two years, GDP growth had slowed down significantly, and the figures were too ugly. How could they be promoted?

On the contrary, Linshan City's economic growth rate had been very strong in the past two years. As long as the situation of leading enterprises such as Xuanwu Technology, Hengxing Microelectronics, TJD Technology, and Linshan Coal Chemical was good, the supporting enterprises that relied on them for survival would have a very good life, which would also make Linshan's overall economic situation very good.

Therefore, during this period, Linshan City had also been named and praised by the leaders of the Yanbei Provincial Party Committee and the Provincial Government many times, and many provincial leaders had also frequently come to Linshan for inspection.

However, there was still one thing recently that made Su Xinghui very worried. He felt that this matter was even a major event related to the future development direction of China. This matter was the package of economic stimulus plans that the Chinese government was brewing. ===== CHAPTER 3977 =====