BEIJING, April 24 (Xinhua) -- New data released Saturday reveal nearly 80 percent of Chinese entrepreneurs view rising costs of raw materials and labor as the biggest challenge for the future.
Rising costs of raw materials and labor topped the list of challenges for Chinese enterprises in three to five years, according survey results unveiled by Development Research Center of the State Council.
The other challenges include policy changes and government interference, changing customer demands, among others, according to the survey.
As a way of overcoming the 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 will help their companies survive.
The survey also shows that 86.4 percent of the entrepreneurs are trying to cut resource consumption in a bid to save costs, while 75 percent of the entrepreneurs are looking for opportunities in line with the country's low carbon use policy.
Targeting Chinese entrepreneurs, the survey was conducted by Development Research Center of the State Council through its Chinese Entrepreneurs Survey System (CESS) from August 10 to October 15 last year, and the results rely on 5,016 valid and completed mail questionnaires.
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China's economy to grow by 10% in 2010: IMF
WASHINGTON, April 21 (Xinhua) -- Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday.
"In China, GDP growth exceeded the government's 8 percent target in 2009 and is expected to be close to 10 percent in both 2010 and 2011. What has been so far mainly a publicly driven growth path, built on infrastructure investment, is expected to turn toward stronger private consumption and investment," said the IMF in its latest World Economic Outlook report. Full story
