Chinese enterprises, especially small and medium ones, are facing a harder time because of the combined effects of the global slowdown, tight domestic credit, rising costs and an appreciating yuan.

• 由于全球经济整体下滑，信贷形势紧张，物价上涨和人民币增值，中国企业，尤其是中小型企业将面临一个艰难的时期。