The implementation of the policy of ensuring supply, stabilizing prices and benefiting enterprises, and the relief policy is effective. The development index of SMEs rebounds

　　The policy of ensuring supply, stabilizing prices and benefiting enterprises is effective.

　　SME Development Index rebounded

　　Our reporter Zhu Junbi

　　Recently, the data released by the China Association of Small and Medium Enterprises showed that under the combined effect of economic slowdowns and the continuous effect of various beneficial enterprise relief policies, the SME Development Index (SMEDI) ended in November and fell for 7 consecutive months. The situation rebounded to 86.3, an increase of 0.2 points from the previous month, but still lower than the same period last year and the same period in 2019.

According to the survey, among the 8 sub-industry indexes, the construction industry and industrial indexes have the largest increase, and the accommodation and catering industry and social service industry indexes have the largest decrease.

Among the eight sub-indices, the comprehensive business index and the macroeconomic perception index have the largest increase, and the efficiency index has the largest decrease.

　　"In November, the basis for my country's sustained economic recovery remained unchanged, the main macro indicators were within a reasonable range, the resilience of economic development continued to appear, and the quality of development continued to improve." Ma Bin, executive vice president of the China Association of Small and Medium Enterprises, said, but the external environment remains Complicated and severe, the new crown virus continues to mutate, and the recovery momentum of major economies has slowed; domestic epidemics are spreading in many places, and subject to some phased, structural, and cyclical factors, new downward pressures on economic operations must continue to be maintained on a high base Smooth operation faces many challenges.

Recently, affected by the spread of the epidemic, high raw material prices, insufficient overseas orders, difficult labor and expensive labor, difficult financing and expensive financing, appreciation of the RMB exchange rate, rapid growth of accounts receivable, increased defaults, and high logistics costs. The recovery and development of SMEs is still not optimistic.

　　The SMEDI report shows that, from the perspective of the business conditions of the sub-industry, the industry, construction, transportation, post and warehousing industry indexes have stopped falling and rebounded. The information transmission computer software industry index has risen for two consecutive months, and the wholesale and retail industry and social service industry indexes have risen. Turning down, the accommodation and catering industry index has fallen for two consecutive months, and the real estate industry index has fallen for eight consecutive months.

From a regional perspective, the index of the eastern, central, western and northeastern regions all increased.

Among them, the Northeast region index is still at the lowest level.

　　Industry experts believe that the SME Development Index stopped falling and rebounded in November, reflecting positive changes in the operation of SMEs.

With the implementation of a series of national policies to ensure supply, stabilize prices, and benefit enterprises to help them out, the supply constraints have been eased, and both ends of supply and demand have recovered. In particular, the high prices of bulk commodities have fallen, and corporate confidence has been boosted.

　　The report shows that the macroeconomic perception index reflecting business confidence is 99.9, up 0.3 points from the previous month.

Specifically, the macro perception index reflecting the company's views on the current macroeconomic situation was 107.1, an increase of 0.4 points from the previous month, which was higher than the boom threshold of 100; the industry operation index reflecting the views on the overall operation of the industry was 92.7, an increase of 0.3 points .

"It can be seen that companies have improved their perceptions and feelings of the current macro economy." The above-mentioned expert said.

　　Market expectations have recovered.

The market index in November was 79.0, an increase of 0.1 point from the previous month.

In this regard, Ma Bin believes that although the epidemic is still continuing, the domestic market is broad, economically resilient, and market players are active. With the successive introduction of a series of relief policies to benefit enterprises, it will help smooth the industry chain and supply chain, and stabilize. market expectation.

　　The rising cost has eased.

The cost index in November was 113.1, an increase of 0.2 points from the previous month, indicating that the cost has declined, but it is still at the highest position of the eight sub-indices.

This shows that the policy of ensuring supply and price stabilization continues to exert force, the upward momentum of energy raw material prices has been initially curbed, and the upward momentum of production and operation costs of small and medium-sized enterprises has slowed down.

　　Funding is still tight overall.

The capital index in November was 101.3, a slight decrease of 0.2 points from the previous month, which was higher than the critical value of 100; the financing index was 88.7, a decrease of 0.4 points; the liquidity index was 85.3, a decrease of 0.1 points.

"Small and micro-enterprises' accounts receivable continue to increase, which affects the sufficiency of corporate liquidity funds." Ma Bin believes that the central bank will consolidate and enhance the effects of two monetary policy tools that directly reach the real economy by playing the precise guiding role of structural monetary policy tools. Improve the financing convenience of the supply chain of small, medium and micro enterprises, and use a variety of methods to increase financial support for "specialized, special new" small and medium-sized enterprises to help small and medium-sized enterprises alleviate financing difficulties, "but the policy effects need to be further consolidated."

　　Enterprise efficiency is still low.

The benefit index in November was 61.2, a decrease of 0.1 point from the previous month, and still the lowest value among the eight sub-indices, at a historically low level.

At present, the profit differentiation of upstream and downstream industries has not improved significantly. Profits are mainly concentrated in upstream industries. The cost of downstream small and medium-sized enterprises is still under pressure, and downward pressure on corporate benefits still exists.

　　In addition, the operation of small and medium-sized enterprises in November also showed the characteristics of an increase in labor supply, a gradual stabilization of demand, and a slight improvement in the willingness of enterprises to invest.

　　“In the next step, it is recommended that relevant departments closely follow the operation of small and medium-sized enterprises, formulate policies based on the needs of market entities, strengthen policy research and reserves, and timely introduce some continuation policies after the expiration of favorable enterprise policies.” Ma Bin suggested that market operations should be continuously optimized. Intensify support for the real economy, especially small, medium and micro enterprises; implement national policies such as tax reduction and fee reduction, market security and price stability, and use a variety of currency tools to promote a stable and moderate reduction in comprehensive financing costs; take measures Clean up the outstanding accounts receivable of small and medium-sized enterprises, help market players reduce costs, solve problems, improve the ability of small, medium and micro enterprises to deal with difficult challenges, and promote small and medium-sized enterprises to take the path of "specialization, specialization and innovation".