Worsening business conditions put firms under more pressure

The deteriorating domestic and foreign business environment is increasing pressure on Chinese public enterprises, which are grappling with tax burdens and cross-border investment barriers, a survey of listed companies shows.

The situation calls for further government effort to deepen reforms to support business development, the survey said.

The survey, covering more than 1,500 listed enterprises in China, was scheduled for release on Saturday by the China Association for Public Companies.