GDP showed modest growth last quarter, unemployment still is hovering around 10%, and many are reporting a Q3 slowdown. What is your business and how have sales been over the past few quarters?
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In China,our GDP has always been going up and up,but all our businesses are more and more difficult,benefit lower and lower,price higher and higher,which could compare with your price now.It is what we are over the past 2 years.
We are in the employment screening industry - which means our business is tied directly to people getting hired. We were hammered last year - but contrary to the press reports - our business is doing much better this year. When unemployment isn't going up - that means that hiring is stable. In other words - people are back in the business of "replacement hires." We have seen an uptick of both new business and an increase in "same store" ordering from last year. We were able to pay our employees a bonus this year for the first time in awhile.
Our company has only been generating revenue for a year and has been in development until recently. We started with 5 people in 2009 and have grown to 8 people in 2010. Business is excellent but we are carving a new niche
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