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China pledges support for small business, but some SMEs see ‘doom and gloom’ amid regulatory crackdown

Summary:
[unable to retrieve full-text content]China has reaffirmed its support for small and medium-sized enterprises (SMEs), the country’s biggest employers, but some entrepreneurs have turned their noses up at the gesture, saying Beijing’s recent regulatory crackdowns have added pressure on them.On Tuesday, Chinese Vice-Premier Liu He told an SME forum in Changsha, the capital of central Hunan province, that the government would create a sound business environment to nurture growth among smaller firms, and urged business owners to be…

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[unable to retrieve full-text content]
China has reaffirmed its support for small and medium-sized enterprises (SMEs), the country’s biggest employers, but some entrepreneurs have turned their noses up at the gesture, saying Beijing’s recent regulatory crackdowns have added pressure on them.On Tuesday, Chinese Vice-Premier Liu He told an SME forum in Changsha, the capital of central Hunan province, that the government would create a sound business environment to nurture growth among smaller firms, and urged business owners to be…

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