China’s education, entertainment as well as agriculture and fisheries sectors were hit the hardest, with closure rates of 33 per cent, 31.7 per cent and 27.6 per cent, respectively. Photo: AFP
China’s education, entertainment as well as agriculture and fisheries sectors were hit the hardest, with closure rates of 33 per cent, 31.7 per cent and 27.6 per cent, respectively. Photo: AFP
China economy
Economy /  China Economy

China’s small businesses need ‘supportive policies’ to survive after closures tripled last year amid coronavirus

  • A study found that the rate of small business closures in China last year almost tripled to 18.5 per cent compared to a year earlier
  • Education, entertainment as well as agriculture and fisheries were sectors hit the hardest, while transport, storage and industrial sectors were the least affected

Frank Tang
Frank Tang in Beijing

Updated: 7:00pm, 4 Mar, 2021

Why you can trust SCMP
China’s education, entertainment as well as agriculture and fisheries sectors were hit the hardest, with closure rates of 33 per cent, 31.7 per cent and 27.6 per cent, respectively. Photo: AFP
China’s education, entertainment as well as agriculture and fisheries sectors were hit the hardest, with closure rates of 33 per cent, 31.7 per cent and 27.6 per cent, respectively. Photo: AFP
READ FULL ARTICLE