Only by ensuring the survival and development of enterprises can employment opportunities and sustainable economic development be secured. The Chinese government has recently issued a series of policies, from tax reduction to “ensuring six ‘stability’” and “ensuring six ‘security’” policy, providing concrete support for enterprises.

On May 22, 2020, BAI Chong-En, member of the Chinese People's Political Consultative Conference (CPPCC), Dean of Tsinghua SEM and Mansfield Freeman Chair Professor, particularly noted that as the impact of the recent epidemic on economy is different from past ones, enterprises in different fields have been influenced differently. For example, some industries are already on the verge of survival, while others have found new opportunities in the supply and demand relationship during the epidemic. Due to this pattern, the precision of the central and local policy support for enterprises is extremely significant. On how to provide targeted help, BAI Chong-En pointed out that relevant departments have a large amount of data about the development of different industries for reference, and suggested that policy makers should formulate precise policies based on relevant data to boost the development of enterprises.

Source: TianWei，CGTN