SMEs

An elderly person wearing a protective masks sits in front of shuttered stores near a hutong neighborhood in Beijing, China, on 18 March 2020. (Qilai Shen/Bloomberg)

Falling revenue, absent staff... Tough road ahead for China's SMEs

Micro, small, and medium enterprises assets account for 77% of the total assets of Chinese enterprises, while their annual revenue contributes 68% of the total amount of annual revenue of Chinese enterprises. Chen Jing, Lianhe Zaobao’s Shanghai correspondent reports that as the coronavirus outbreak in China eases off, SMEs in China are doing their level best to get their businesses up and running again. But the way forward looks to be all uphill.