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