A sample survey suggests that over 90 percent of the medium-sized and small enterprises in Zhejiang Province, an economic powerhouse in east China, are feeling pinched with pressure.

Due to such factors as trade disputes and a lack of products with China's independent intellectual property rights, these businesses have been bogged down by problems including undefined methods of operation, unscientific ways of administration and products without quality-guarantee.

Only a tiny proportion of the businesses surveyed, about 5.7 percent, said they didn't feel any crisis at all.

The sample survey was conducted by a research team led by Prof. Li Xin of the Zhejiang College of Finance and Economy among 500 medium-sized and small enterprises in the economically-developed coastal province.

Medium-sized and small ventures have long been the source of dynamics to economic growth of this coastal region. They created an upward of three trillion yuan (some 370 billion U.S. dollars) of total output value and 150 billion yuan (about 18.5 billion U.S. dollars) in profits last year.

Source: Xinhua