Firms burdened by rising operating costs
Chinese firms are feeling burdened by rising costs amid downward economic pressure, a report showed on Monday. About 56 percent of the surveyed 6,000-plus firms said they were under heavy pressure due to rising costs of labor, financing, land and other production factors. That was according to a report released by a subsidiary with the Ministry of Industry and Information Technology, which is dedicated to facilitating development of small and mediumsized enterprises. About 46 percent of the respondents complained about rising labor costs, while 28 percent said they were facing larger financing costs.