The Truth Behind the Rumor of 20% Enterprise Bankruptcies in Wenzhou - Business Information - Wenzhou Human Resources Network

The ins and outs of the rumors Not long ago, at the Wenzhou Enterprise Development Forum co-organized by the city's Small and Medium-sized Enterprises Development Promotion Association, Tsinghua University's Continuing Education College, and our newspaper's "Wealth Weekly", Zhou Dewen, president of the city's SME Promotion Association, once again clarified a rumor, stating that the recent claim that "20% of Wenzhou's small and medium-sized enterprises have gone bankrupt" is not true. At the end of March this year, CCTV's "Economic Half Hour" program aired a special report titled "Wenzhou Manufacturing: Facing a Crisis?", in which Zhou Dewen stated during the interview: "Wenzhou has a total of more than 300,000 small and medium-sized enterprises, and about 20% of these enterprises may be in a state of shutdown or semi-shutdown."