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China’s smallest firms failing at historic pace as 4.37 million close up shop and registrations plummet

Summary:
[unable to retrieve full-text content]About 4.37 million of China’s smallest businesses permanently shut their doors in the first 11 months of the year – more than three times the number of new ones that opened during the same time, according to data obtained by the Post.Figures from public registry tracking firm Tianyancha also show that, for the first time in two decades, the rate of deregistration among micro and small businesses surpassed the number of those newly registered in China.The data is particularly relevant given that…

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[unable to retrieve full-text content]
About 4.37 million of China’s smallest businesses permanently shut their doors in the first 11 months of the year – more than three times the number of new ones that opened during the same time, according to data obtained by the Post.Figures from public registry tracking firm Tianyancha also show that, for the first time in two decades, the rate of deregistration among micro and small businesses surpassed the number of those newly registered in China.The data is particularly relevant given that…
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