This month alone, two big companies, Smart Union Group, a toymaker, and FerroChina, a steel producer, have gone into liquidation.

单是这个月，两个大型公司，玩具制造商合俊集团和钢铁制造商中国金属就已经进入破产清算程序。

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Although the bankrupt of Smart Union lets us shocked, simultaneously it also sounds the alarm bell to us and reminds us to speed footsteps up.

尽管合俊的倒下让我们感到震惊，但同时他也给我们敲响警钟，提醒我们加快前行的脚步。

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S. economic slowdown and the global financial crisis, Smart Union Group Holdings Ltd. said it filed for bankruptcy and moved to liquidate the company.

由此成为在美国经济下滑和全球金融危机中沦为其牺牲品的首批中国企业。

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Whatever the cause, a flood swept the city and Smart Union was badly hit.

ECONOMIST: Business in China

Smart Union quickly evolved from making cheap, injection-moulded figurines to toys with mechanical and then electronic parts.

ECONOMIST: Business in China

None of these factors would have been fatal, but for an abrupt tightening of credit in early 2008 that, in effect, cut Smart Union's working capital in half.

ECONOMIST: Business in China