Saturday 17 April 2021
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scmp - 1 month ago

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

Small business closures in China jumped last year amid the unprecedented coronavirus outbreak, raising fresh calls for Beijing to expand rather than reduce its supportive policies for the sector that is vital for the nation’s employment.A study led by Tsinghua University professor Liao Li found that the rate of small business closures in China last year almost tripled to 18.5 per cent compared to a year earlier, based on a sample of more than 50,000 companies nationwide.The education,…


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