China’s SMEs: how important are small firms to the economy, a…

China’s small and medium-sized enterprises (SMEs) have faced a host of challenges since early 2020, ranging from the economic shock of the coronavirus pandemic to surging commodity prices and regulatory challenges.Some of them are crumbling under the pressure, but Beijing’s attempts to alleviate their problems highlight just how important they are to the nation’s economy.What counts as an SME in China, and how many are there?Businesses in China are categorised by ownership and size.State-owned…

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