Rising costs a challenge
Source: Xinhua |
April 25, 2010, Sunday
|
Print Edition
Print Edition
NEARLY 80 percent of Chinese entrepreneurs view the rising costs of raw materials and labor as the biggest challenge for the future, according to new data released yesterday.
The price of raw materials and labor topped the list of challenges for Chinese enterprises in the next three to five years, according to a survey by the Development Research Center of the State Council, China's Cabinet.
Other challenges included policy changes and government interference, and changing customer demands.
As a way of overcoming these difficulties, 75 percent of the respondents said they would look to benefit from rising domestic demand, while more than 66 percent said developing new products and business would help their companies survive.
The survey also showed that 86.4 percent of the entrepreneurs were trying to cut resource consumption in a bid to save costs, while 75 percent of them were looking for opportunities in line with the country's low carbon use policy.
Targeting Chinese entrepreneurs, the survey was conducted by the research center through its Chinese Entrepreneurs Survey System from August 10 to October 15 last year, and the results relied on 5,016 valid and completed mail questionnaires.
The price of raw materials and labor topped the list of challenges for Chinese enterprises in the next three to five years, according to a survey by the Development Research Center of the State Council, China's Cabinet.
Other challenges included policy changes and government interference, and changing customer demands.
As a way of overcoming these difficulties, 75 percent of the respondents said they would look to benefit from rising domestic demand, while more than 66 percent said developing new products and business would help their companies survive.
The survey also showed that 86.4 percent of the entrepreneurs were trying to cut resource consumption in a bid to save costs, while 75 percent of them were looking for opportunities in line with the country's low carbon use policy.
Targeting Chinese entrepreneurs, the survey was conducted by the research center through its Chinese Entrepreneurs Survey System from August 10 to October 15 last year, and the results relied on 5,016 valid and completed mail questionnaires.
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