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Ministry of Industry and Information Technology: the epidemic has a greater impact on small and medium-sized enterprises. It is necessary to speed up the implementation of policies such as tax reduction and fee reduction and financial support.
May 21,2020 13:53CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, March 21: the new crown epidemic has had a great impact on the global economy this year, and China is no exception, especially the impact of Chinese small and medium-sized enterprises. What measures have China taken to help small and medium-sized enterprises solve their difficulties? At a news conference held by the Information Office of the State Council on May 20, Miao Weizhi, Minister of Industry and Information Technology, responded to the topic raised by reporters:

The epidemic has brought adverse effects on all enterprises, but the impact on small and medium-sized enterprises is far greater than that of other large enterprises. The CPC Central Committee and the State Council attach great importance to the development of small and medium-sized enterprises, because small and medium-sized enterprises are related to the stability of the industrial chain and employment. General Secretary Xi has issued important instructions on many occasions, emphasizing the need to increase assistance to key industries and small and medium-sized enterprises. The State Council held executive meetings many times, and the Vice Premier also presided over a leading group meeting to promote the development of small and medium-sized enterprises, with special arrangements to increase support for small and medium-sized enterprises. Various departments and localities also stepped in time and launched a set of "combined punches" to help small and medium-sized enterprises. A reporter made statistics. He said, "the central government has issued 200 policies to support small and medium-sized enterprises, while local governments have introduced more policies and measures." I can sum it up in several aspects:

First, increase the reduction of taxes and fees and reduce the burden on enterprises. We will increase the reduction or reduction of value-added tax for small and micro enterprises and individual industrial and commercial households, and extend the loss carry-over period for small and medium-sized enterprises in transportation, catering, tourism and other industries affected by the epidemic from the past five years to eight years. Three social insurance premiums for various enterprises in the first half of the year were also reduced, reaching 600 billion yuan alone, and small and medium-sized enterprises benefited the most. The transportation department also exempted highway tolls, totaling more than 140 billion yuan. Our factor guarantee department reduced electricity and gas prices and reduced the burden on enterprises by 67 billion yuan in the first half of the year.

Second, increase financial support to ensure that small and medium-sized enterprises will not get into trouble because of the interruption of cash flow. The people's Bank of China has lowered the reserve requirement, released 1.75 trillion yuan of funds, and provided low-cost loans of 2.85 trillion yuan to small and medium-sized enterprises and individual industrial and commercial households by means of special re-loans and rediscounting. the principal and interest payments of loans for more than 1 million small and medium-sized enterprises have been deferred. These are all policies to support the financial aspects of small and medium-sized enterprises.

Third, optimize government public services and promote enterprise innovation. During the epidemic, we carried out online training on "enterprise micro courses" to provide free delivery policy, technology and management for small and medium-sized enterprises. At the same time, the special action of digital empowerment of small and medium-sized enterprises has been implemented to help small and medium-sized enterprises to reduce costs, expand the market and stabilize employment through the application of digital technology. Since the epidemic, we have also guided the service organizations of small and medium-sized enterprises in various places to hold more than 26000 activities to serve small and medium-sized enterprises, carried out one-to-one services more than 2.3 million times, and served nearly 5.93 million small and medium-sized enterprises.

Generally speaking, with the accelerated implementation of various preferential enterprise policies, the resumption rate of small and medium-sized enterprises is steadily increasing, and the difficulties of enterprises have also been alleviated to a certain extent. However, we should also note that it will take time for the economy to fully recover, and the current development of small and medium-sized enterprises is still facing a complex and grim situation, especially with the accelerated spread of the epidemic around the world. in addition to some special industries affected by epidemic prevention that I have just mentioned, a particularly prominent problem recently is that foreign trade enterprises, especially foreign trade small and medium-sized enterprises, have encountered greater difficulties. These are new situations and new problems, and we are still paying close attention to them, and we are also preparing to introduce more targeted policies to help small and medium-sized enterprises in different special industries to support the vast number of small and medium-sized enterprises to tide over the current difficulties.

In the next step, we will continue to give full play to the role of the Office of the leading Group of the State Council on promoting the Development of small and medium-sized Enterprises, adhere to the direction of marketization, and strengthen classified guidance and accurate assistance in conjunction with relevant departments in view of the existing problems of small and medium-sized enterprises. On the one hand, we should pay close attention to the implementation of various policies and measures to benefit enterprises, further increase financial support to small and medium-sized enterprises, and increase efforts to clear up arrears. At the same time, standardize various fees and charges involving small and medium-sized enterprises, so that the majority of small and medium-sized enterprises get a real sense of achievement. On the other hand, it is necessary to constantly cultivate the endogenous vitality and driving force for the survival and development of small and medium-sized enterprises, because external causes are the conditions for change, and internal causes are the foundation of change. Guide small and medium-sized enterprises to focus on subdivision areas, strive to take a specialized and new development path, be able to specialize in technology, concentrate on industries and industries that they are good at, develop their strengths and circumvent their weaknesses, overcome their own disadvantages, and play their own role.

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Ministry of Industry and Information Technology
foreign trade enterprises
small and medium-sized enterprises
tax reduction and fee reduction

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