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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As the latest victims of the worldwide financial tsunami, 6500 people lost their jobs when Smart Union, a major toy manufacturer in Guangdong, closed 2 of its factories earlier this week.

全球最大玩具代工商之一、位于广东东莞的合俊集团本周早些时候关闭了旗下两家工厂，6500名员工面临失业。

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In 2009, European Union announced choosing 30 cities as pilot projects for building the Smart Grid City, striving for the lead in global green scientific and technological competition.

2009年，欧盟宣布将选择30座城市作为“智能电网”城市的试点，以争当全球绿色科技竞争中的领跑者。

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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