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

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

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

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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