Scientific Publication

China’s small and medium-sized enterprises rebounded after the COVID-19 lockdown, but economic problems linger

Abstract

Following the initial COVID-19 outbreak in Hubei Province in late 2019, starting in late January 2020 the Chinese government imposed draconian lockdown measures across the country to control the spread of the disease (Fang, Wang, and Yang 2020). Most small and medium-sized enterprises (SMEs) suspended operations. Then, as the pandemic eased in April, China began lifting the restrictions.