Caixin report on an annual survey of China’s top 500 private enterprises
- businesses with annual turnover of more than 500 million yuan ($70 million),
- by the All-China Federation of Industry and Commerce, a body backed by the government that seeks to represent the non-state sector
I found this of interest:
Rising labor costs were cited by private companies as their biggest obstacle for the fifth year running. The two other top difficulties to doing business were
- high taxes
- and expensive borrowing costs
the same problems highlighted in the 2017 report
No mention of the trade war? I’m surprised, but there you go. Caixin (may be gated)