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Foreign trade bolsters China's economic outlook with steadily growing momentum

Date: 2022-08-08
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On August 4th, the news from the Ministry of Industry and Information Technology showed that Xu Xiaolan, Vice Minister of the Ministry of Industry and Information Technology, presided over the symposium on digitalization of small and medium-sized enterprises on August 3rd, and listened to the work of Internet companies and industrial Internet companies on supporting the digitalization transformation of small and medium-sized enterprises, as well as the opinions and suggestions on the compilation of evaluation indicators of digitalization level of small and medium-sized enterprises and guidelines for digitalization transformation of small and medium-sized enterprises.

The meeting pointed out that promoting the digital transformation of small and medium-sized enterprises is an important way to support the innovation and development of small and medium-sized enterprises and enhance their core competitiveness, and efforts should be made from both the government and the market. On the one hand, it is necessary to strengthen government guidance and incite leading enterprises and social capital to jointly promote the digital transformation of small and medium-sized enterprises by strengthening financial support; On the other hand, it is necessary to give full play to the leading role of large enterprises and drive the chain-type digital transformation of upstream and downstream SMEs in the industrial chain supply chain.

For small and medium-sized enterprises, digital transformation is a key proposition related to current development and long-term prospects. According to the data released by the National Bureau of Statistics, the added value of high-tech manufacturing industry in the first half of this year was 6.2 percentage points faster than that of all industries above designated size.

It is the refraction of this development trend that promotes the innovation of business philosophy, technology, organization, management and mode of private enterprises through digital transformation, which is not only related to the individual survival and development of private enterprises, but also has important strategic significance for promoting the kinetic energy engine of China's economic growth and achieving high-quality development goals.

In an interview with Securities Daily, Chen Duan, director of the Center for Digital Economy Integration and Innovation Development of Central University of Finance and Economics, said that the impact of enterprise scale differences on digital transformation is higher than that of regional differences and industrial differences. Large and medium-sized enterprises are better than small and micro enterprises in terms of resource input, organizational guarantee, transformation mode and transformation effect. In terms of regional differences, the eastern region is relatively advanced, and the investment of capital talents, cloud access, digital transformation maturity and effect evaluation are better than those of the central and western regions. In terms of industrial differences, the tertiary industry has the strongest desire to get out of the predicament by digital transformation, while the secondary industry has performed relatively better in terms of digital transformation stage, investment and implementation effect.

In fact, most small and medium-sized enterprises still face many practical problems and challenges in digital transformation. For example, many enterprises are in the early stage of transformation, and the concept of talent shortage lags behind, lacking both forward-looking and systematic top-level design and overall planning at the executive level. At the input level, the input and output of digital transformation are uncertain, which inhibits the enthusiasm of enterprises.

Chen Duan said that the bottleneck of resources such as funds, which is the most important issue in the digital transformation of small and medium-sized enterprises, needs to combine all kinds of targeted policy tools accurately, give full play to the role of fiscal and taxation policies in three aspects: realistic incentives, guiding signals and incentive regulations, and encourage and drive the convergence and investment of social resources such as private funds, such as introducing digital special fiscal and taxation policies, encouraging the innovation and application of industrial Internet tools, introducing digital special financial policies, and using the Internet to improve the enterprises' reach ability of financial policies.

'In terms of policy introduction, it is suggested to promote the organic connection between the digital transformation policy of enterprises and the supporting policy of specialized and special enterprises of the Ministry of Industry and Information Technology and the special policy for the development of small and medium-sized enterprises, and organically combine the digital transformation of traditional enterprises with the cultivation and incubation of specialized and special enterprises.' Chen Duan said that it can promote all kinds of platforms to explore and develop financial services such as credit evaluation, credit loan, financial leasing and pledge guarantee based on real-time data of production and operation, and expand the sources of funds for digital transformation of enterprises and reduce the transformation cost by optimizing risk control system, increasing credit and empowering, and linking investment and loan.

Kuang Yuqing, the research founder of consulting lens company, told the Securities Daily that the digital transformation of small and medium-sized enterprises often faces problems such as insufficient investment and slow opening of new markets. If we strengthen the innovation direction through tax incentives and other policies, and provide support such as loan discount and government procurement around the digital infrastructure, general software and application scenarios faced by enterprises in digital transformation, it will not only cultivate new digital industries of small and medium-sized enterprises, but also encourage innovation breakthroughs of R&D forces.


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