Enterprises confident about future, concerned about tax
( 2003-11-24 14:14) (Xinhua)
Some 50 percent of Chinese entrepreneurs are optimistic about their
companies' prospects and are particularly concerned about the reform of
corporate income tax, according to a survey by the Development Research Center
(DRC) of the State Council.
According to the survey, nearly half of Chinese entrepreneurs consider their
companies were operating "well", and some 40 percent thought management was
adequate. Over 39 percent were confident of improvement, and 55.2 percent
expected no great changes.
Over 47 percent of the surveyed enterprises expected their orders to
increase, 39 percent considered orders would remain static, and only 13.2
percent thought the number would decrease, which indicated rise in demand and
sound economic trends.
Meanwhile, 55.2 percent of surveyed managers considered that corporate income
tax required immediate reform, 54.2 percent called on reforms of individual
income tax, while value added tax and export tax rebates also drew concern.
However, while China is stepping up reforms of monopolized industries, 34.1
percent of the surveyed enterprises claimed that they had not seen any results
of the reform.
According to the survey, most of the Chinese enterprises were lacking in
skilled staff. Nearly 80 percent were short of technicians, and over half
suffered from a lack of senior managers.
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