Though China is open for business again, small foreign brands and entrepreneur-led firms are fearful of returning, and for now, many of them are shifting their focus to different markets. As such, inquiries from SMEs wanting to enter China declined by about 18% last year from a year earlier, says the EU SME Centre, while interest from US companies has also dropped, reveals the American Chamber of Commerce in China. The Communist country seems to have lost its allure because of its unpredictable business environment caused by Beijing’s absolutist pandemic policy that had effectively blocked newcomers from entering the market.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.