Caixin report on an annual survey of China's top 500 private enterprises

  • businesses with annual turnover of more than 500 million yuan ($70 million),
  • by the All-China Federation of Industry and Commerce, a body backed by the government that seeks to represent the non-state sector

I found this of interest:

Rising labor costs were cited by private companies as their biggest obstacle for the fifth year running. The two other top difficulties to doing business were

  • high taxes
  • and expensive borrowing costs

the same problems highlighted in the 2017 report

No mention of the trade war? I'm surprised, but there you go. Caixin (may be gated)