Transcription of Impact COVID-19 Small and Medium-Sized Enterprises …
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Impact COVID-19 Small and Medium-Sized Enterprises …
Working Paper 549 September 2020 The Impact of COVID-19 on Small and Medium-Sized Enterprises : Evidence from Two-wave Phone Surveys in ChinaAbstractThis paper examines both the short-term and mid-term Impact of COVID-19 restrictions on Small and Medium-Sized Enterprises (SMEs), based on two waves of phone interviews with a previously surveyed large SME sample in China. The outbreak of COVID-19 and resultant lockdowns cast a heavy toll on SMEs. Affected by problems of logistics blocks, labor shortages, and drops in demand, 80 percent of SMEs temporarily closed at the time of the first wave of interviews in February 2020. After reining in COVID-19 , authorities largely eased lockdown restrictions in April. Consequently, most SMEs had reopened by the time of the second round of surveys in May.
ESIEC is a field survey of Chinese private enterprises led by the Center for Enterprise Research of Peking University over three consecutive years (2017, 2018, and 2019). Over these three years, ESIEC successfully interviewed nearly 10,000 self-employed entrepreneurs running businesses and private enterprises, collecting information related
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