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China’s small businesses are desperate for a lifeline, but tax cuts are ‘just sweeteners’ amid dwindling demand

Summary:
[unable to retrieve full-text content]As a retailer of household medical devices, Lynn Wang’s business has seen struggling since last year, even though the health care industry is supposed to be one of the most resilient and enduring sectors during the pandemic.“Many people have basically stopped spending,” said the small-business owner who sells blood-pressure monitors and employs 10 people. “They buy only masks and disinfectants, which we don’t sell.”Still, Wang considers herself one of the lucky ones, as she owns her office and…

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[unable to retrieve full-text content]
As a retailer of household medical devices, Lynn Wang’s business has seen struggling since last year, even though the health care industry is supposed to be one of the most resilient and enduring sectors during the pandemic.“Many people have basically stopped spending,” said the small-business owner who sells blood-pressure monitors and employs 10 people. “They buy only masks and disinfectants, which we don’t sell.”Still, Wang considers herself one of the lucky ones, as she owns her office and…

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