Interview with Liu Zhibiao (Part II): The Epidemic Leads to the Shortage of Supply, and the Difficulties of Small and Medium-Sized Enterprises Need to Be Solved with Effective Policies

Release time:2020-02-07Author: Interview with Liu Zhibiao (Part II)

In an interview with zhonghongwang, Liu Zhibiao, dean of the Yangtze River Institute of Industrial Economics, Nanjing University, explained two issues:1. With the end of the Spring Festival holiday, companies will resume work and production one after another. In the face of COVID-19, how do you view the outstanding problems that the Chinese economy may face?Liu Zhibiao believes that the impact of the epidemic on China's economy is currently mainly affecting the start of enterprises and reducing consumption opportunities. In addition, labor efficiency may decrease. Some companies may go bankrupt or liquidate.2. Many provinces and cities in China have intensively introduced countermeasures to support enterprises in the joint fight against the epidemic. According to incomplete statistics, as of 18:00 on February 6, 12 provinces and cities including Beijing, Shanghai, Chongqing, Guangdong, Shandong, Shanxi, and Sichuan have successively introduced policies to relieve the burden of small and medium-sized enterprises, and support them to tide over the difficulties. How do you think about this? Liu Zhibiao believes that the epidemic has severely hit the service industry and manufacturing industry. Compared with the service industry, China's small and medium-sized manufacturing industries are more affected by the epidemic. After all, China's super-large-scale economy and super-scale market still exist, consumption must be carried out no matter what the situation, and the rigid demand of the service industry still exists. Except for the pharmaceutical industry, the small and medium-sized manufacturing industries have been hit harder, so they need very good policy support.