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Acer Hurt By China's Attempts To Cool Economy
July 28, 2004 |
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Acer Inc, the world's fifth-largest personal computer vendor, said yesterday that it had seen an impact on its laptop sales in China due to Beijing's measures to slow down its runaway economy that began earlier this year.
"We may have to trim our sales goal for the China market this year down to 110,000 notebooks from the 120,000 units that we projected earlier," Scott Lin, Acer's president for Greater China operations, said yesterday. The company plans to turn the hardship into opportunity by offering financial support to its 46 Chinese agents, who may face difficulty arranging loans from banks in that country, Lin said.
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