With wages no longer cheap enough to attract firms doing low-margin manufacturing, the mainland economy must become more competitive to compete globally. Photo: Reuters
SMEs key to China's growth, yet they struggle with high wage, credit costs
Surging wages and higher borrowing costs put SMEs at a disadvantage, threatening the productivity gains needed to transform larger economy
With wages no longer cheap enough to attract firms doing low-margin manufacturing, the mainland economy must become more competitive to compete globally. Photo: Reuters
