Chinese small businesses face pricing and demand challenges amid economic turbulence

Iran war and price competition add to woes in a sluggish domestic economy

Shuttered storefronts in a plastic materials market in Ningbo earlier this month. (Photo by Kentaro Shiozaki)

BEIJING — China’s small and medium-sized businesses are hard pressed to increase prices, squeezed by competition for scarce demand while the Middle East crisis drives up supply costs.

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