COVID-19’S IMPACT ON CHINA’S SMALL AND MEDIUM-SIZED BUSINESSES

Xiaobo Zhang
25 Mar 2020

Since the COVID-19 outbreak began in Nov. 2019 in Hubei Province, China, business activity in the world’s second-largest economy has ground to a halt. China’s small and medium enterprises (SMEs), which generate 90% of employment, constitute 80% of exports, and account for 70% of GDP, have been hit particularly hard. To gauge the impact of COVID-19 on SMEs, in early February, the Enterprise Survey for Innovation and Entrepreneurship in China (ESIEC) team, led by Peking […]

Toward Universal Financial Inclusion in China: Models, Challenges, and Global Lessons

18 Apr 2018

Learning from China’s financial inclusion experience over the past 15 years. This report examines in detail China’s approach to financial inclusion over the past 15 years. It benchmarks China’s progress against peer economies and analyzes key developments and factors in China’s financial inclusion experience. The report also outlines remaining challenges to achieving further advances in financial inclusion in China, and distills key lessons for policymakers in other countries to develop […]

Digital Financial Services: Challenges and Opportunities for Emerging Market Banks

25 Sep 2017

The digital transformation that has upended industries from retail and media to transport and business-to-business commerce is now sweeping the financial services industry, through the wide dissemination of digital financial services. This was inevitable, as ubiquitous computing power, pervasive connectivity, mass data storage, and advanced analytical tools can easily and efficiently be applied to financial services. After all, money was already extensively (though not exclusively) created, used, stored, processed, and […]