Beijing has introduced a series of policies to support the private sector’s development, including tax cuts and repeated calls to banks to lend more to private firms. Photo: Xinhua
China’s private firms in traditional low-tech sectors struggling without government support
- Lack of access to capital at an affordable rate remains primary problem facing small and medium-sized manufacturers
- Hi-tech firms get support from national and local governments, but traditional low-end manufacturers do not
Beijing has introduced a series of policies to support the private sector’s development, including tax cuts and repeated calls to banks to lend more to private firms. Photo: Xinhua
