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MNI BRIEF: Beijing H1 SME Revenues Slip

MNI (BEIJING)

MNI (MNI (BEIJING)) - Small and medium-sized enterprises in Beijing reported lower revenues and a decline in employment in the first half of the year, data showed on Thursday.

The data came as local governments face a struggle to implement China’s new growth-orientated urbanisation policy due to tight fiscal resources and a weak labour market. (See MNI: China’s Urbanisation Target Needs Broader Reforms)

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MNI (MNI (BEIJING)) - Small and medium-sized enterprises in Beijing reported lower revenues and a decline in employment in the first half of the year, data showed on Thursday.

The data came as local governments face a struggle to implement China’s new growth-orientated urbanisation policy due to tight fiscal resources and a weak labour market. (See MNI: China’s Urbanisation Target Needs Broader Reforms)

Keep reading...Show less