Bloomberg News

China Small Firms’ Biggest Problem Is Rising Costs, Adviser Says

October 20, 2011

Oct. 20 (Bloomberg) -- The biggest problem facing small and medium-sized companies in China is rising costs rather than financing, Zhou Qiren, an adviser to the People’s Bank of China, said in Shanghai.

The government should reduce taxes for smaller businesses, Zhou said at a conference in the city.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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