Sixty Percent of Private Companies in China’s Entrepreneurial Hub in Trouble: Report

With China’s economy continuing to slide, private businesses are struggling to survive.

Thousands of jobseekers flock to an employment fair in Hefei, east China's Anhui province on Feb. 25, 2012. A report said the difficulties encountered by small and micro-sized enterprises since year are now spreading to large and medium-sized enterprises. STR/AFP/Getty Images