China’s key small manufacturing, service businesses under pressure from rising costs despite overall economic recovery

Apr 8, 2021 | INVESTING

China’s small businesses, a key priority for Beijing in the post-coronavirus recovery given they employ some 200 million people, are feeling the pain of rising raw material, utility, labour and rent costs, according to a new survey. Small businesses were offered tax exemptions, inclusive loan coverage and rent cuts to help insulate them from the impact of the coronavirus, but are already under pressure from a slow recovery in revenues and cash flow constraints.And while China’s overall economy…

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