China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg
China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg

China’s smallest businesses are crumbling as costs soar and help fails to arrive, putting national economy at high risk

  • Beijing knows how significant the problem is, and leaders are scrambling to address the situation that looks to weigh heavy on the nation’s GDP in the year’s second half
  • Small and micro businesses are the backbone of China’s private sector, but many are closing down as the central government increasingly favours state enterprises

Topic |   China's economic recovery
China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg
China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg
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