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

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 fis...

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Published inFrontiers in psychology Vol. 13; p. 842646
Main Authors Su, Wunhong, Guo, Xiaohan, Ling, Yunxia, Fan, Yi-Hao
Format Journal Article
LanguageEnglish
Published Switzerland Frontiers Media S.A 22.02.2022
Subjects
H11
H32
L53
policy support
post-epidemic era
Psychology
SMEs
sustainable development
China
H32
H11
L53
post-epidemic era
SMEs
policy support
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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.
AbstractList 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.
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.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.
Author Ling, Yunxia
Su, Wunhong
Fan, Yi-Hao
Guo, Xiaohan
AuthorAffiliation 2 Faculty of Business Administration, University of Macau , Taipa , Macau SAR, China
1 School of Accounting, Hangzhou Dianzi University , Hangzhou , China
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Keywords sustainable development
China
H32
H11
L53
post-epidemic era
SMEs
policy support
Language English
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This article was submitted to Organizational Psychology, a section of the journal Frontiers in Psychology
Edited by: Satyanarayana Parayitam, University of Massachusetts Dartmouth, United States
Reviewed by: Chi Xie, Hunan University, China; Ahmed K. Elnagar, Taibah University, Saudi Arabia
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  article-title: Operation models in the O2O supply chain when existing competitive service level
  publication-title: Int. J. e-Serv. Sci. Technol.
  doi: 10.14257/ijunesst.2015.8.9.29
  contributor:
    fullname: Zhang
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Snippet 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...
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SubjectTerms H11
H32
L53
policy support
post-epidemic era
Psychology
SMEs
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Title China's SMEs Developed Characteristics and Countermeasures in the Post-epidemic Era
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