A retailer who sells blood-pressure monitors in Shenyang, Liaoning province, said about 40 per cent of small-medical-device retailers in the city have permanently closed down in the past two years. Photo: Shutterstock
A retailer who sells blood-pressure monitors in Shenyang, Liaoning province, said about 40 per cent of small-medical-device retailers in the city have permanently closed down in the past two years. Photo: Shutterstock

China’s small businesses are desperate for a lifeline, but tax cuts are ‘just sweeteners’ amid dwindling demand

  • Supply-chain disruptions, high raw-material costs and a power crisis have had an outsized impact on SMEs that are already struggling to stay afloat during the pandemic
  • ‘Financially strained’ smaller retailers are underperforming larger ones and bearing the brunt of China’s economic downturn

A retailer who sells blood-pressure monitors in Shenyang, Liaoning province, said about 40 per cent of small-medical-device retailers in the city have permanently closed down in the past two years. Photo: Shutterstock
A retailer who sells blood-pressure monitors in Shenyang, Liaoning province, said about 40 per cent of small-medical-device retailers in the city have permanently closed down in the past two years. Photo: Shutterstock
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