Small and micro businesses are the backbone of China’s private sector. Photo: AP
Small and micro businesses are the backbone of China’s private sector. Photo: AP

Explainer |
China’s SMEs: how important are small firms to the economy, and what challenges are they facing?

  • Small and medium-sized enterprises contribute substantially to China’s economy, including about 80 per cent of non-government employment
  • Since the start of the coronavirus pandemic, they have faced numerous challenges, from rising production costs to regulatory tightening

Topic |   China manufacturing
Small and micro businesses are the backbone of China’s private sector. Photo: AP
Small and micro businesses are the backbone of China’s private sector. Photo: AP
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