Aerial veiw of CNH, a world leading tractor maker in England
Together with a tight credit market, falling market demand has given a damaging blow to British manufacturing, pushing the country's economy further to the edge of collapse.
The Confederation of British Industry (CBI) has warned that prospects for the next few months will become even more gloomy, as business orders continue to fall.
The manufacturing industry accounts for 13 percent of Britain's GDP and half of its exports, and is only second to the United States in terms of attracting foreign direct investment.
For the full story, by Dongying Wang, published by Xinhua News Agency in January 2009, please click here. Also please return to the blog to post your comment.
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