China stands out for access to funding and coordinated support

by swisscham in Consulting, Legal, Services, Tax

EY’s G20 Entrepreneurship Barometer 2013 calls on governments, ahead of the G20 Leaders Summit next week, to collaborate with entrepreneurs in order to kick-start their economies and create jobs. According to the report, China shows its outstanding performance in access to funding and coordinated support. Terence Ho, EY’s Greater China Strategic Growth Markets Leader, says: “China’s strongest performance has been in access to funding, which has been improving rapidly, allowing more entrepreneurs to start new businesses or expand existing ones. And the bureaucracy involved in starting a new business has also fallen in recent years, meaning businesses waste less time on non-productive activities. Strong improvements across China’s entrepreneurial ecosystem are helping to boost entrepreneurship further”. China’s performance in terms of access to credit for entrepreneurs has been very good. It ranks third overall on this pillar of the EY G20 Entrepreneurship Barometer 2013. The availability of bank credit to the private sector is unusually high for a rapid-growth economy, at 120% of GDP.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 9, 2020
Published By chinadaily.com.cn in Engineering / Manufacturing
October 6, 2020
Published By globenewswire.com in Engineering / Manufacturing
September 24, 2020
Published By schindler.com in Engineering / Manufacturing
September 14, 2020
Published By cgtn.com in Bilateral Relations
September 3, 2020
Published By s-ge.com in General Interest