Funds shortage blocks Delta trade: Report

Lack of financing has become a major factor affecting small and medium-sized enterprises, according to a report on foreign trade conditions in the Pearl River Delta, a manufacturing and export hub.

According to a report by Shenzhen Onetouch Business Service and Shenzhen-based Wanren Market Research, which was released on Thursday, more than 70 percent of SMEs in the region have encountered a shortage of funds in the past nine months.

The average monthly shortfall was 675,500 yuan ($110,400), according to the report.