However, credit tightening has exacerbated the difficulties of many highly-leveraged companies, especially small and medium-sized enterprises (SMEs) and cross-border manufacturers in the Pearl River Delta, where the operating environment has become difficult due to rising production costs and weakened external demand.
Visto el Reglamento (CE) no #/# del Consejo, de # de junio de #, por el que se establece la organización común de mercados en el sector del azúcar, y, en particular, el quinto guión del apartado # de su artículoEurLex-2 EurLex-2