XindaluGlassMachineryFactory got its name and turned into a private company from the publicly-owned enterprise named Yange Hardware Machery Factorywhich was set up in 1972.
Geoffrey Crothall of the Hong-Kong based China Labor Bulletin says the strikes are tolerated because they are private disputes between factory workers and factory bosses.
VOA: standard.2010.06.24
He also plans to start raising private money for the second factory in the second half of this year since the loan guarantee, which will translate into a government loan, will cover roughly half of the cost of building and outfitting the factory.
Official figures show investment by the private sector in fixed assets such as factory buildings and machinery grew nearly threefold between 2000 and 2005 (see chart).