- \n
- Most Mainland Chinese small
\nbusinesses have or expect to recover from COVID-19 in 2021.<\/li>\n - Sixty-four per cent of small
\nbusinesses expect their revenue to grow in 2021.<\/li>\n - Forty-two per cent of small
\nbusiness expect to increase employee headcount in 2021.<\/li>\n<\/ul>\nBEIJING, CHINA –\u00a0Media OutReach<\/a>\u00a0– 16 April 2021
\n–\u00a0The small business sector in Mainland China is showing strong signs of
\nconfidence. Sixty-four per cent of small businesses expect their revenue to
\ngrow and forty-two per
\ncent expect to increase their employee numbers in 2021.<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/142723\/Infographic.jpg#image-142723\")
<\/p>\n
\n <\/p>\nThese results are part of CPA Australia’s
\n2020-21 Asia-Pacific Small Business Survey, published today. The survey
\ncanvasses the views of 4,227 small businesses in 11 markets across the
\nAsia-Pacific region, including India, Singapore and Vietnam, to understand
\ntheir business strategies and outlook. Seven hundred and seventy-nine Mainland
\nChinese small businesses took part.\u00a0<\/p>\n
\n <\/p>\nCOVID-19 is not expected to be a major
\nbarrier for many Mainland Chinese small businesses in 2021. Fifty-one per cent
\nhave already recovered from the negative impacts of the pandemic or expect to
\nrecover in 2021, the second highest result among the markets surveyed.\u00a0<\/p>\n
\n <\/p>\n“The successful implementation of control measures to
\nmitigate the health and economic impacts of the pandemic translated into Mainland
\nChina’s small businesses enjoying a relatively positive 2020,” said Mr.Justin Qiu, President of CPA
\nAustralia’s North China Committee.<\/p>\n
\n <\/p>\n“While there was an understandable fall in the number
\nof small businesses that grew in 2020, 83 per cent of surveyed Mainland Chinese
\nbusinesses grew or stayed the same last year, the best result of the markets surveyed. \n<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“A strong emphasis on innovation and technology means
\nthat Mainland Chinese small businesses are well-prepared for growth. For three
\nconsecutive years, small businesses from Mainland China have been the leaders
\nin earning revenue from online sales, using new digital or mobile payment
\ntechnologies and using social media for business purposes.”<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nIn 2020, 82 per cent of surveyed Mainland Chinese
\nsmall businesses earned over ten per cent of their revenue from online sales.
\nMeanwhile, 91 per cent generated more than ten per cent of their sales through
\nnew payment technologies and 94 per cent used social media in 2020. The survey
\nresults show that these activities are strongly associated with high growth
\nbusinesses.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“With the survey showing e-commerce
\ngrowing across the region, there are excellent opportunities for Mainland
\nChinese small businesses to use their online expertise to diversify their
\nexports and tap into new markets,” Qiu said. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nSmall businesses in Mainland China
\nfound ‘government support and incentives’ to be the second most positive
\ninfluence on their business after ‘customer loyalty’ in 2020. Twenty-four per
\ncent of small businesses sought government support and subsidies in response to
\nCOVID-19.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“The results show that government
\nrelief measures to help small businesses in 2020 had a strong positive
\ninfluence on many small businesses. This highlights the important role governments
\ncan play in supporting small businesses in difficult times,” said Kevin Ng,
\nmember of CPA Australia’s North China Committee.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nAlthough ‘increasing costs’, ‘cash flow
\ndifficulties’ and ‘increasing competition’ were identified as key barriers to
\ngrowth, 48
\nper cent of Mainland Chinese small businesses expect to seek external finance for business growth this
\nyear, up from the 43 per cent last year. These results reflect strong expectations for a
\nrebound in 2021.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“The measures and incentives recently
\nannounced in the Government Work Report 2021 should provide further support to businesses
\nfacing challenges such as financing constraints, and position them for future
\nexpansion,” Ng said. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“These measures, including tax cuts,
\nfees reduction, raising the VAT threshold for small businesses, and increasing
\nthe tax deduction on research and development expenses, will not only help reduce the
\nfinancial burden on small businesses but also spur additional investment into innovation
\nand technology. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n“Together with the resilient nature of
\nsmall businesses in Mainland China, these measures are likely to lead to a
\nrebound in business growth in 2021,” Ng said. \u00a0<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nCPA Australia recommends the following
\nkey measures for small businesses in Mainland China:\u00a0<\/p>\n- \n
- Keep up to date with government announcements on
\nsupport and incentives for business.<\/li>\n - Identify, review
\nand implement digital
\ntechnologies to improve performance and save costs. <\/li>\n - Strike a balance
\nbetween short-term cash flow management and longer-term investment in new
\ntechnologies and upskilling employees.<\/li>\n - Review and utilise
\nexisting business data to seek innovations in areas such as products and services,
\ncustomer experience and business operations.<\/li>\n - Seek professional advice to maximise success, including in obtaining external finance.<\/li>\n
- Explore opportunities to diversify and expand into new markets,
\nespecially into Tier 2 and Tier 3 cities in mainland China and ASEAN countries.<\/li>\n<\/ul>\nDownload <\/b>CPA Australia
\nAsia-Pacific Small Business Survey 2020-21<\/b><\/a> <\/b>(English
\nonly)\u00a0
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Most Mainland Chinese small businesses have or expect to recover from COVID-19 in 2021. Sixty-four per cent of small businesses expect their revenue to grow in 2021. Forty-two per cent of small business expect to increase employee headcount in 2021. BEIJING, CHINA –\u00a0Media OutReach\u00a0– 16 April 2021 –\u00a0The small business sector in Mainland China is …<\/p>\n","protected":false},"author":1,"featured_media":14083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14082"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14082"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/14083"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Keep up to date with government announcements on