VOICED: Chinese exporters hurting as EU crisis deepens

The video discusses the impact of the European market on Mr. Chang's business, highlighting the challenges faced by Chinese manufacturers due to factory closures and shrinking manufacturing activity. Despite stable sales, rising production costs and customer payment issues are significant concerns. The EU's economic crisis is weakening demand, prompting calls for China to rethink its export-led model. Mr. Chang's firm is seeking new clients in emerging economies like Brazil to offset losses in traditional markets.

What percentage of Mr. Chang's company's production was exported overseas last year?

• 80%

• 70%

• 60%

• 50%

What major step did Mr. Chang take to maintain profitability?

• Cut workforce by half

• Increased production

• Expanded to new markets

• Raised product prices

What is a significant concern for Mr. Chang's company besides workforce reduction?

• Decreasing demand in Asia

• Rising production costs

• Lack of raw materials

• Increased competition

How much did the EU spend on Chinese exports in 2010?

• $350 million

• $300 million

• $400 million

• $380 million

Which emerging economy is Mr. Chang's firm considering for new clients?

• South Africa

• India

• Brazil

• Russia