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It had record sales last year and was widely considered to be one of the best companies in its field. But now Smart Union, a Chinese toymaker, is being dismembered through a provisional liquidation. Its story encapsulates the arc of China's economic success and recent downturn. The firm grew consistently for 12 years. Its orders, factories and employees steadily increased in number, and a web of suppliers grew up around it. But in October, at the peak of the pre-holiday production cycle, the entire process went into reverse, leading to the direct loss of 12,000 jobs, and the indirect loss of many more.
机译:去年它的销售创纪录,被公认为该领域最好的公司之一。但是现在,中国玩具制造商Smart Union正在通过临时清算而被肢解。它的故事囊括了中国经济成功和近期衰退的弧线。该公司连续12年保持增长。它的订单,工厂和员工的数量稳步增长,并且围绕它的供应商网络也不断壮大。但是在10月,即节前生产周期的高峰期,整个过程发生了逆转,导致直接失去12,000个工作岗位,并间接失去了更多工作。

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    《The economist》 |2009年第8614期|61-62|共2页
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