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How does Shenzhen Watch Industry react to global financial Crisis?
Writor:  Information Center  From: www.ewatch.cn   Date: 2008/11/28

Shenzhen Watch Industry never experiences the hard challenge like this. Facing to global financial crisis, many companies tend to strengthen management, develop technology to improve product design and new products. In this way it is helpful for companies to enhance anti-risk capacity.

 

Where is the opportunity? Experts consider that risk does hide behind opportunity.

In the past, Shenzhen watch export companies focused on doing OEM. But now under the bad situation, it is a good chance to “go out” for some companies. Meanwhile, the policies made by government stimulus to boost economy. It will loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions.

 

Shenzhen Government also encourages the development of watch industry. Watch company can be obtained benefits by Shenzhen Government if they attend oversea exhibition. Who capture this chance to upgrade will win the market share.

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