According to voice of the global Chinese language broadcasting network reported, United States subprime storm is hitting the world’s financial markets, its effects have been known by European countries, mainly in housing prices continue to rise and rapid expansion of housing mortgage loans of commercial banks, and various household articles of price increases, and so on. This strong shock wave, affect the extent and conditioned by the overseas Chinese and ethnic Chinese living in Europe? Local Chinese businessmen and what measures had been taken? We wired Belgium Chinese radio reporter Liu Yang.

　　Moderator: Liu Yang, Hello! Growing ferment of the subprime mortgage crisis, European economic downturn situation is grim, at present, the local Chinese business situations?

　　Liu Yang: living and workers in Europe has 2 million ethnic Chinese, that 75% per cent of whom are engaged in commercial operations, such as restaurants, shops, clothing and so on. European debt crisis since 2008 Global subprime crisis yilai to now always on no improves of signs, in this large of recession of environment zhixia, like crisis make of comparison badly of Europe national Greece, and Spain, and Italy, country China commercial most is in looking for was different of way to solution himself encountered of crisis, Nordic, and Central and Eastern Europe relative, situation better is, but China commercial were also general reaction are is people of purchasing power reduced has, hands of cash was control of is badly. We in here to members lift a examples, according to describes said now Italy Government provisions, per person every day up to only in Bank take 2,500 euro of cash, over of part on must to swipes or checks of way paid, currently in Italy has 180,000 Chinese life, Chinese immigrants Enterprise most concentrated in Rome, and Milan and Tuscany, main engaged in with commercial, and international trade also has textile wholesale, so in Chinese most concentrated of Prato, Chinese enterprise on accounted for 15%, so from overall Shang view, Chinese business of living in Europe are generally under the influence of the subprime mortgage crisis in Europe, but they also display it to find their own way out.

　　Moderator: face the Music City local China what measures have been taken?

　　Liu Yang: due to China commercial were engaged in of most is service of industry or tertiary industry majority, so said is large part is rely on local people of purchasing power, on the due to each country Government economic slump, debt-ridden so on led States introduced many should policy,, for example each national are increased has on enterprise of taxes, such actually Europe debt crisis among victims maximum of is not people, instead is these enterprise factory boss were. How much Chinese businessmen living in Europe are investment industry in China, although Europe’s overall environment of the great depression to their no small business impact in their respective countries, but are subjected to a good momentum of continuous economic growth in China, many Chinese businessmen are actually made, which means that domestic sale back abroad to fill at a loss. The other hand, some Chinese merchants will this crisis is seen as a turning point and current business opportunities, because European countries economic downturn led to many local businesses can’t continue anymore, so this is just for many Chinese businessmen in particular domestic Chinese businessmen provided the opportunity to acquire, in a sense nor the opportunities brought by Chinese enterprises to enter the European.

　　Moderator well, local Chinese businessmen in future expect the optimistic?

　　Liu Yang: this is the case, Chinese businessmen in China was generally agreed that the future of the world economy, China’s development and backed by strong Government support for Chinese business has a lot of confidence in their cause. Crisis nor in Europe one, two things, China Merchants are fine they will turn crisis into opportunities, also revealed our Chinese character, strong, never abandoned, admittedly we have this spirit in nothing can beat us it.