Officials from Guangdong Province openly denied the rumor of “50,000 factories are closing down” and disclosed that the total number of factories closed between January and September were 7148 with most of them being the small to medium size factories.
On November 14 and 15, Premier Wen Jiabao visited Guangzhou, Shenzheng, Dongguan, and Foshan in Guangdong and called for financial infusion to support the small to medium size companies in the region.
Source:
Xinhua, November 17, 2008
http://news.xinhuanet.com/local/2008-11/17/content_10368571.htm
Xinhua, November 15, 2008
http://news.xinhuanet.com/newscenter/2008-11/15/content_10362860.htm