Measures to Assist Small, Medium, and Micro Firms in Alleviating Their Difficulties
2022-06-07 08:40:57
hebei leimande
Measures to Assist Small, Medium, and Micro Firms in Alleviating Their Difficulties
On May 9, the Ministry of Industry and Information Technology announced "several actions to assist small and medium-sized organizations in overcoming challenges," suggesting more relief for small and medium-sized businesses in 10 areas of effort.
Specifically, to actively arrange special funds for small and medium-sized enterprises and individual entrepreneurs across the country to alleviate difficulties, as well as to provide housing rent, utilities, security fees, epidemic prevention expenses, and other subsidies, as well as to provide loan subsidies, social security subsidies, and other subsidies, in combination with local realities to provide housing rent, utilities, security fees, epidemic prevention expenses, and other subsidies.
The difficulties of market players, particularly small and medium-sized micro-enterprises, have recently increased significantly as a result of the increasing complexity and uncertainty of the external environment, as well as the domestic epidemic, and the production and operation situation is not optimistic.
The China Association of Small and Medium Enterprises (CASME) released data showing that the China SME Development Index was 88.3 in April 2022, down 0.3 points from the previous month and 0.6 points lower than the same period in 2021; it has been dropping for three months.
