China's SMEs Developed Characteristics and Countermeasures in the Post-epidemic Era.

Front Psychol

Faculty of Business Administration, University of Macau, Taipa, Macau SAR, China.

Published: February 2022

AI Article Synopsis

  • The COVID-19 pandemic caused significant disruptions in the global economy, impacting small and medium-sized enterprises (SMEs) through trade breakdowns and market collapses.
  • The Chinese government responded with various fiscal and financial measures to support these affected SMEs, prompting changes in their coping strategies and perspectives.
  • The paper offers insights based on international and local practices to help the Chinese government navigate economic shifts post-epidemic, with recommendations for policies and strategies to ensure the sustainable development of SMEs.

Article Abstract

Due to the COVID-19 outbreak, a series of chain reactions, like international trade breakdown, stock market collapse, and crude oil's collapse, have adversely affected the global economy, particularly small and medium-sized enterprises (SMEs). As a result, the Chinese government issued many fiscal and financial policies to support SMEs. This paper analyzes SMEs' coping methods and conceptual changes affected by the epidemic and distinguishes "victims" and "beneficiaries." Subsequently, based on extensive international experience and local government experience, it provides effective suggestions for the Chinese government to deal with the post-epidemic era's economic changes, policy suggestions, and coping strategies for SMEs' short-term and long-term sustainable development.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8902386PMC
http://dx.doi.org/10.3389/fpsyg.2022.842646DOI Listing

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