Since the onset of the COVID-19 pandemic, supporting policies from all government levels have become essential to help small and mediumsized enterprises (SMEs) recuperate.
Tax rebates, as well as tax and fee cuts and deferrals, have offset the impacts to some extent, but these policies are not always likely to immediately benefit all SMEs, therefore requiring the government to roll out more relief measures that will bring stable expectations to the businesses.
Effective support
Rising raw material prices, high pandemic control costs, shrinking orders, financing problems and recruitment difficulties… SMEs, caught up in the pandemic over the past three years, are deeply afflicted by these challenges.
Zhou Dewen, deputy head of the China Association of Small and Medium Enterprises, who
