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
Topic |   China economy

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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
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