• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Asia

China’s small businesses gasp for air as consumption slump deepens

December 24, 2024
in Asia
Reading Time: 2 mins read
A A
0
China’s small businesses gasp for air as consumption slump deepens
3
SHARES
7
VIEWS
Share on FacebookShare on Twitter


Two years ago, as China began to roll back its pandemic restrictions, Ella Chen spotted a tasty opportunity. Having lost her office job, she took the bold decision to go into business herself – investing more than 100,000 yuan (US$13,800) to open a milk tea shop in Guangzhou.

Since then, Chen has poured her heart into making the business a success. She works 13 hours a day, can make 30 kinds of tea drinks, and has saved on rent by opening in a residential neighbourhood rather than the downtown business district.

But, like many small-business owners in China, Chen is still struggling to make ends meet. Consumption has not recovered as expected since the pandemic – instead, growth has slowed. And that is forcing companies nationwide to scale back operations or even shut down.

“In the beginning, daily profits were over 200 yuan. Now they’re often less than 100 yuan,” Chen said. “Those regular customers who used to buy a 15-yuan milk tea on weekends or evenings have gradually disappeared. They still pass by my store, they just rarely make a purchase.”

Micro and small enterprises (MSEs) have long been the backbone of China’s private economy in terms of job creation, providing 300 to 400 million roles, but the sector is now facing a raft of severe challenges amid a wider economic slowdown.

Insufficient demand, high tax burdens, and rising labour and utility costs are just some of the issues facing MSEs, with the situation deteriorating further in recent months, according to a nationwide survey of 7,500 MSE operators by Peking University’s Centre for Enterprise Research.

Previous Post

Israel acknowledges it assassinated Hamas leader Haniyeh for first time

Next Post

What to know about the Matt Gaetz ethics report

Related Posts

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

June 7, 2025
4
Lee Jae-myung | A liberal in the Blue House

Lee Jae-myung | A liberal in the Blue House

June 7, 2025
5
Next Post
What to know about the Matt Gaetz ethics report

What to know about the Matt Gaetz ethics report

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Displaced Palestinians walk along a road.

Israeli forces in Gaza kill 6 Palestinians seeking aid, health officials say

June 7, 2025
Trump sends a message to Musk amid escalating feud between former allies

Trump sends a message to Musk amid escalating feud between former allies

June 7, 2025
Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

June 7, 2025
ICE operating in LA for 2nd day amid protests against immigration raids

ICE operating in LA for 2nd day amid protests against immigration raids

June 7, 2025

Recent News

Displaced Palestinians walk along a road.

Israeli forces in Gaza kill 6 Palestinians seeking aid, health officials say

June 7, 2025
3
Trump sends a message to Musk amid escalating feud between former allies

Trump sends a message to Musk amid escalating feud between former allies

June 7, 2025
5
Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

June 7, 2025
4
ICE operating in LA for 2nd day amid protests against immigration raids

ICE operating in LA for 2nd day amid protests against immigration raids

June 7, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Displaced Palestinians walk along a road.

Israeli forces in Gaza kill 6 Palestinians seeking aid, health officials say

June 7, 2025
Trump sends a message to Musk amid escalating feud between former allies

Trump sends a message to Musk amid escalating feud between former allies

June 7, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co