Caixin OnlineBusiness & IndustryTop Stories Industry After an IPO Rush, a Factory Town's Hangover
12.26.2012 13:35

After an IPO Rush, a Factory Town's Hangover

A Fujian Province city pushed local companies to go public, and now they’re reaping the consequences
By staff reporter Qu Yunyu
 
a

A shop manufacturing plant of a Jinjiang-based sportware company


(Beijing) -- It seemed the right thing to do in 2001 when officials in the factory city of Jinjiang opened a special office that actively encouraged local companies to list on stock markets.

Jinjiang, population 2 million, is an important manufacturing base on the Fujian Province coast. Its economy relies on a diverse mix of garment and shoe factories, including several profitable makers of sportswear.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

' Lead in Cooperation '

World's two biggest powers must remember their common interests outweigh any differences, former U.S. Secretary of State Henry Kissinger tells Caixin in an exclusive interview


Issue 88
April, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
' Lead in Cooperation '
World's two biggest powers must remember their common interests outweigh any differences, former U.S. Secretary of State Henry Kissinger tells Caixin in an exclusive interview
Issue 88
04.01.2015

Subscribe       |       Newsletter        |        FAQ