By Li Lan, Research Team on “Mechanism on Novel Coronavirus Pneumonia Prevention and Control”, Institute of Public Administration and Human Resources, DRC

Research Report, No. 15, 2020 (Total 5759) 2020-2-19

Abstract: According to the results of a questionnaire survey on 1368 entrepreneurs across China, it is found that most of them, especially those of small- and medium-sized enterprises consider that novel coronavirus pneumonia has exerted a great negative impact on enterprises’ production, operation and management in Q1, which have cast a shadow on managers’ confidence to realize their annual growth goal. It is predicted that China’s annual GDP growth rate will stand at about 5.3%. The survey findings show that the virus has pushed up costs and caused great losses, and these enterprises can manage the difficult time for another three weeks before resuming production. The survey also reveals that the domestic and international markets of most of the domestic industries have felt the influence, especially chemical fiber, non-ferrous metals, chemicals and instruments sectors in manufacturing industry and accommodation and catering service industries as well as culture, sports and entertainment industries. It is expected that the situation will take a turn for the better in Q2 with relatively stable fixed assets investment for enterprises and the impact of the epidemic is expected to gradually fade out. In face of the epidemic, these enterprises are eagerly expecting the government to take timely measures to help them overcome the present difficulties.

Key words: novel coronavirus pneumonia, policy options, questionnaire survey on entrepreneurs