Increasing rent on already high rental properties is the main root cause of wide spread business failures.
How China facilitated their business to thrive was because they provided with all the businesses very cheap shops and offices (rental ranging between US $ 1,000 to 3,000 per year in the business city of Yiwu, housing half million shops and offices, the largest in the world)
On top of high rentals, the business houses are acutely suffering from the non payment on their credit sales, mainly due to absence of any regulatory mechanism.
Even the small super markets are not able to meet their rental and salary expenses, and according an insider, they have to add up some extra on
Increasing rent on already high rental properties is the main root cause of wide spread business failures.
How China facilitated their business to thrive was because they provided with all the businesses very cheap shops and offices (rental ranging between US $ 1,000 to 3,000 per year in the business city of Yiwu, housing half million shops and offices, the largest in the world)
On top of high rentals, the business houses are acutely suffering from the non payment on their credit sales, mainly due to absence of any regulatory mechanism.
Even the small super markets are not able to meet their rental and salary expenses, and according an insider, they have to add up some extra on