As #China's economy is in a critical period at present with downward growth rate and struggling to transform, and the #epidemic will bring pressure on #consumption, sluggish investment and worsen fiscal revenue.
Under internal and external factors, many small and medium-sized #manufacturing enterprises will go #bankrupt without steady control measures.
More importantly, the industrial ecology of some vulnerable manufacturing industries will likely be destroyed, which will lead to more negative effects in long term.
China must attach as great importance to protecting industrial ecology, #industrialchain, #supplychain, and #SMEs just as it does to fighting against the epidemic itself.
See rest of Huang Qifan's insight at mp.weixin.qq.com/s/xbodNdOU4weO…
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