Private businesses in particular face new hurdles as costs rise and financing becomes harder to come by, while the trade war with the US has not helped. Other companies are facing the fallout from the trade war with the US. Last month China’s exports fell. “It has hit our profits,” Harry Shih, manager of Runfine Bearings in eastern Zhejiang province, said of the trade war. China’s economy “faces downward pressure, and to some extent this pressure will be transmitted to the job market,” said Meng Wei, a spokeswoman for the National Development and Reform Commission, China’s state planner.

Source: Dhaka Tribune January 27, 2019 16:18 UTC