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Agricultural Development Bank of China
Economy

China mobilizes volunteer service to boost SMEs' dev. amid epidemic

March 30, 2020


Abstract : China's Ministry of Industry and Information Technology (MIIT) and the Ministry of Civil Affairs on Monday issued a guideline requiring the use of social power to voluntarily help samll- and medium-sized enterprises (SMEs) with work resumption and high-quality growth amid the COVID-19 outbreak.

BEIJING, March 30 (Xinhua) -- China's Ministry of Industry and Information Technology (MIIT) and the Ministry of Civil Affairs on Monday issued a guideline to mobilize social power to voluntarily help small- and medium-sized enterprises (SMEs) with work resumption and high-quality growth amid the COVID-19 outbreak, reported Shanghai Securities News.

A high-level expert team would be organized to voluntarily provide consultations and solutions involving laws, finance and management among others for SMEs, said the guideline.

China will explore innovative and efficient approach to provide services and support specialized service agencies to make full use of the new-generation information technology like the Internet, bid data, cloud computing and artificial intelligence (AI) and taking advantage of various social service resources.

Specific service methods would include targeted services as well as online and offline volunteer services, said the document.

For SMEs hit by the epidemic and other major emergencies, China would provide guidance and assistance in emergency management, production resumption, policy matching, etc.

Besides, specialized service agencies are encouraged to establish response mechanisms for major emergencies, so as to provide coordinated guidance and professional services for SMEs in need. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: SMEs MIIT work resumption policy volunteer service

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