China’s private firms in traditional low-tech sectors struggling without government support

//China’s private firms in traditional low-tech sectors struggling without government support

China’s private firms in traditional low-tech sectors struggling without government support

Among China’s millions of private businesses, Terry Wu says his is one of a minority of non-state firms that have benefited from government incentives to support the private sector, which Beijing is counting on as an important lifeline to buffer the nation’s overall economic slowdown.Wu’s company, a manufacturer of smart devices and components including camera modules for smartphones, has enjoyed five years of free factory rental and easy access to bank loans as part of a sweeping policy…

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By | 2019-04-21T04:18:37+00:00 April 21st, 2019|Business|Comments Off on China’s private firms in traditional low-tech sectors struggling without government support