Survey shows SMEs poised to profit as conditions improve

Chinese small and medium-sized enterprises are poised to profit this year as overall business conditions improve, despite their need to brush up risk management techniques due to increased global uncertainties.

About 74 percent of respondents to a survey of Chinese SMEs said their businesses had grown last year while 77.3 percent anticipated that business will grow in the coming year. The survey was conducted by CPA Australia, a professional accounting body representing 160,000 members.

This was CPA Australia's seventh online survey and it interviewed 2,971 Asian SMEs in October 2016. SMEs that employed less than 20 members of staff from Australia, the Chinese mainland, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore and Vietnam were surveyed.