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the Study, conducted by newspaper China Daily shows that since the beginning of the outbreak in the country, the government has taken a number of measures for the resumption of production and activities of enterprises, including the introduction of fiscal, monetary, financial and trade policies.

the Study included a comprehensive analysis of policy documents issued by ministries and commissions over the past few months. It was identified the most frequently occurring keywords in the documents: “small and medium-sized enterprises (SMEs), resume production, the stability of the supply chain”, “employment” and “tax preference policy”.

a Number of supporting measures, particularly those aimed at reducing interest rates, refinancing of debts, renewal of loans and the provision of special credit lines for the resumption of production on SMEs, are repeatedly mentioned a number of different government agencies, including the State Committee for development and reform Commission, Ministry of Finance and the tax administration.

Preference was also given to particular industries. For example, in the concept of the “Internet plus” – the use of the Internet and other information technologies in traditional industries.

the Policy suggested that the company, taking full advantage of rapidly developing Internet services in China, accelerate the digitalization process and enhance the level of consumption.

the service Sector, including hotels, restaurants and labor-intensive manufacturing industry was seriously damaged due to restrictions imposed on movement of people during an outbreak of coronavirus.

the Study showed that policies designed for SMEs, focused in particular on these industries. At the same time there was also support civil aviation, wholesale and retail trade, tourism, Internet technology, and agriculture.

One such measure is the provision of favourable interest rates to companies that suffered greatly from the pandemic.

Among other measures – the transfer of state orders for shipment of materials to combat the virus of logistics and transport companies. In addition, the state encourages the return of migrant workers from major cities to their hometowns so they started there business activities that provide jobs to farmers in rural areas.

the people’s Bank of China will use monetary policy instruments as transactions on the open market to ensure sufficient market liquidity to maintain stable interest rates. As they say in the Bank, under the financial support of the economy the volume of new loans in the first quarter of this year reached almost 7 trillion YuAnya (988 billion).

to support the effective investment, efforts will be made to accelerate the release and utilization of special bonds of local authorities, and priority will be given to regions with large projects and low risk. By the end of March the value of such bonds issued this year amounted to 1.08 trillion yuan, an increase of 63 percent more than in the previous year.

Member of the platform for research in the field of fiscal policy and academic exchanges, China Finance 40 Forum, member of the global Council of the Academy of social Sciences of China Yu Yongding said that the policy of the country responded promptly to the crisis in health care.

“Their priority is to curb the pandemic regardless of how much it will cost. As markets are unable to function normally in emergency situations, the state must play a crucial role. Fortunately, the administrative mechanism in China is operating efficiently, says Yu. The government also found ways to help businesses survive the crisis, focusing on SMEs. It has cut taxes, lowered fees and provided generous compensation to the most affected enterprises. In addition, politicians have resorted to market-friendly with measures to control the allocation of financial resources, but also possible easing of some financial constraints”.

According to Yu, thanks to this policy, and gradual resumption of work and production, the level of consumption may recover quickly after the epidemic of the coronavirus.

the study also analyzes some key economic indicators including the consumer price index (CPI) and the index of purchasing managers, or PMI.

the country’s CPI is the main indicator of inflation – has generally increased since the beginning of the epidemic, but consumers bought less clothing in the first quarter compared to the same period of the previous year. The number of property transactions also declined.

In March, the index of business activity exceeded 50 in production and non-production sectors. Values above 50 indicate an increase in activity, while readings below this mark indicate a reduction. Data for March show that the situation with prevention and control pandemic continues to improve, production resumed, and life returned to normalcy and economic development shows a positive trend.

During the epidemic dramatically increased the demand for online goods and services, making the digital economy has become a new driving force. A study by the China Daily revealed that in January and February increased demand for e-Commerce, online education, entertainment, telemedicine and other services.

meanwhile, was adopted ��acket of measures for transfer of key industries to digital technology. Will accelerate the construction of a new digital infrastructure for the development of cell technologies of the fifth generation, or 5G, data centers and industrial Internet.

Despite the possibility of short term slowdown during the epidemic, many analysts Express confidence in the prospects of the Chinese economy.

associate Professor School of public policy studies. Lee Kuan yew National University of Singapore GU Qingyang said that, effectively struggling with a crisis caused by a coronavirus, and taking decisive actions, China has provided stability and security for the normal functioning of the global industrial chain of production and supply.

According to GU, a series of measures to enhance the advantages of these chains has enabled the country to supply a large number of anti-virus materials to international organizations and to more than 100 countries.

Construction of new infrastructure in China, based on the use of 5G technology, big data and artificial intelligence will provide new chains of production and supply important support, adds GU.

the Head of the economic research Department at the Research Institute of Daiwa in Japan Takashi Kodama believes that China has made notable progress in economic recovery.

According to him, if the private sector, which is less affected by the deterioration of the world economy, can recover quickly, it will give hope to other countries and will provide a much-needed boost to the financial markets around the world.

According to Takashi, China has also taken steps to stabilize foreign trade and investment, with a new force of globalization, trusting that he continues to believe, despite growing in some countries skepticism.

“overall, China is showing the world that its economy is stable enough to withstand the impact of a pandemic coronavirus,” he adds.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.