Small firms cautiously optimistic on 2019

Expecting growth: China’s small businesses are cautiously optimistic amid anticipated global economic downtrend. — China Daily

CHINA’S small businesses are cautiously optimistic amid the anticipated global economic downtrend in 2019, with over 70% of those surveyed expecting growth this year, a survey said.

More than 50% of the respondents expect to increase their workforce this year, according to CPA Australia’s 10th annual Asia-Pacific Small Business Survey, which was released last Tuesday. With global economic uncertainty and slowing global growth, this result reflects positively on the capabilities and resilience of China’s small business sector, the survey said.