Chinese firms say profit margins ‘squeezed to extreme’ by rising costs

Chinese business owners say their profit margins have been “squeezed to the extreme” by rising rent and labour costs – and 80 per cent want taxes and levies cut to ease their burden.That’s according to the results of a nationwide survey of 14,709 companies released on Tuesday, relating to the three...

Chinese firms say profit margins ‘squeezed to extreme’ by rising costs