Caixin
Nov 21, 2022 08:21 PM
BUSINESS

Chinese Small Businesses Bearish on Fourth Quarter Due to Virus Restrictions, Survey Shows

Chinese small business owners have weaker expectations for their fourth quarter performance due to sluggish demand and uncertainties around Covid-19 policies, according to a survey by Peking University and fintech giant Ant Group Co. Ltd.

A measure of business confidence among micro and small companies declined to 45.5% for the fourth quarter, the lowest since the first quarter of 2021, according to the survey published Thursday. The online poll queried 20,180 business-owners, with an average of 5.8 workers.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00