BUSINESS Majority of Chinese medium-sized firms upbeat on 2023 business growth: HSBC survey

BUSINESS

Majority of Chinese medium-sized firms upbeat on 2023 business growth: HSBC survey

China Daily

21:28, December 10, 2022

BEIJING -- The majority of China's medium-sized firms are optimistic about their business expansion in 2023, a report by global financial institution HSBC showed.

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY

Some 77 percent of the surveyed Chinese medium-sized firms expected business revenue growth next year, the report said.

For these firms, the efficiency improvement from technological innovation and the continued growth in domestic demand will be the two main drivers of business growth.

About 75 percent of the surveyed Chinese medium-sized enterprises plan to expand into new overseas markets, according to the report.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue