China’s private-sector split widens as tech rises, traditional sectors struggle: survey

Many of China’s private firms continue to face tough operating conditions, including intense market competition, persistent payment delays and weak domestic demand, though technology firms have shown stronger momentum, according to fresh survey results. The recent survey of 79 entrepreneurs from medium- and large-sized private firms found that more than 70 per cent of respondents described their current business conditions as difficult or very difficult, according to the Beijing-based Dacheng...