One-Third of China’s Small Businesses Are Struggling, Affecting Nearly 200 Million Employees: Report

One-Third of China’s Small Businesses Are Struggling, Affecting Nearly 200 Million Employees: Report
A man walks past the Central Business District in Beijing on May 31, 2023. Jade Gao/AFP via Getty Images
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A recent report on China’s small and micro-enterprises highlights that over one-third of these businesses have unhealthy financial conditions and numerous risks.

An analyst believes that as China’s economy is on a downward trajectory, the essential pillars of economic growth—exports, real estate, and infrastructure projects—have stopped growing.

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