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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 105

China Business Intelligence No. 105

Feb. 18, 2009

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Highlights:

I. Economy

In order to overcome the global financial crisis, the Chinese government devised a 4 trillion yuan economic package as well as lowering interest rates and the reserve requirement ratio. The deteriorating macro-economic environment has elevated risks for credit-based loans. Under the current credit-based loan structure, interest rate cuts, lower reserve requirement ratios, and increased credit-based loans will not be sufficient to ease the financial woes encountered by small- and mid-sized enterprises. Effects from the Chinese government's push for expanding credit have been limited.

II. Industry

The education market is booming in China along with a growing number of workers in need of re-education due to job losses or job changes, while an increasing number of companies have placed an importance in employee training and education. With the rapid growth of the Internet, online education is emerging as one of the fastest-growing markets in China. The industry has exploded thanks to higher specialization demand from universities and companies alike; China's education market has been growing by over 30% per annum, reaching 350 billion yuan in 2007.

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