Sustainable development of small and medium-sized enterprises stimulates new momentum of economic recovery

Wang Shaoshao
Since this year, small and medium-sized enterprises in China have shown a rapid recovery trend. Enterprise production has continued to recover and the operating rate has continued to rise.
Small and medium-sized enterprises, which connect thousands of households, are an important force to promote innovation, promote employment and improve people's livelihood. Recently, the SME Association released data showing that the SME development index in April was 89.4, up 0.1 points from the previous month, rising for two consecutive months, higher than the level of the same period in 2022 and 2023, and reaching the highest level since September 2023.
In response to this statistical data, Ma Bin, executive vice president of the China Association of Small and Medium Enterprises, pointed out that the development index of small and medium-sized enterprises in the first four months of this year showed an overall upward trend. Except for a slight decline in February, the index rose in January, March and April. Small and medium-sized enterprises generally continued to recover, and the economy achieved a good start. The development index of small and medium-sized enterprises continued to grow, highlighting the steady consolidation of China's economic recovery, the continuous enhancement of endogenous power, and the continuous improvement of the development quality of small and medium-sized enterprises.
Online tourist attractions continue to be popular, national snacks are popular, and rural homestays are popular... Since this year, China's service industry has continued to recover, stimulating a strong momentum in the consumer market. The service industry is the key link between consumers and enterprises, providing strong support and solid foundation for the steady and sustainable development of SMEs in China. According to the data from the SME Association, the sub industry index of China's SME development index rose by 5, leveled by 1, and fell by 2 in April. Among them, the social service industry rose the most, and the demand and sales of contact and clustered service industries were rising.
"Large scale equipment renewal and consumer goods exchange for new have provided innovation and upgrading impetus for relevant SMEs. Digital technology enables cultural tourism, and the increase in quality improvement of cultural tourism has also 'fed back' the development of service industry related enterprises." Industry insiders pointed out that, unlike the index rise which was mainly driven by industrial index in the past, the rise of the index in April was mainly driven by the service industry, The recovery of the consumer market and the service industry is becoming an important factor driving the recovery of the SME development index.
The warming up of the service industry and the release of consumption potential open a new market "blue ocean" for the development of small and medium-sized enterprises. Digital transformation brings new development opportunities for related enterprises, such as quality improvement and upgrading, cost reduction and efficiency increase, and business innovation. Technology products such as artificial intelligence big models, cloud software, and industrial Internet platforms continue to enable small and medium-sized enterprises to develop in depth.
In recent years, various regions have successively launched a series of initiatives to focus on industry segmentation, carry out digital diagnosis for SMEs, cultivate digital transformation service providers, promote typical applications of digital transformation, and help SMEs to catch the digital "express". In a 5G intelligent workshop in Ningbo, Zhejiang Province, as soon as the steel raw materials entered the conveyor belt, they began to "self-help deformation". After turning, hobbing, heat treatment, grinding, testing, and then transported by the intelligent car to another processing unit, the workshop "tailored" for the transmission gears of new energy vehicles was busy.
According to the relevant person in charge, by integrating high-frequency quenching, automatic detection and other processes into the entire automated production line, the 5G intelligent workshop will form a full process automated production, and achieve comprehensive optimization of noise reduction, shock absorption, torque increase, impact resistance and other performances.
From production digitalization to management digitalization, and then to marketing digitalization, scientific and technological innovation gives SMEs "wisdom wings". In Shandong, the only functional digital transformation promotion center serving SMEs in China was officially established. By focusing on the transformation pain points of SMEs' "smart to digital transformation", relying on digital economy related enterprises, scientific research institutions, industrial alliances, etc., a market-oriented operation team was established to build a market-oriented operation public service platform to provide guarantee for digital transformation and large-scale applications.
"At present, digital transformation is no longer a 'choice' for the development of SMEs, but a 'required course'." Luo Junzhang, deputy director of China SME Development Promotion Center, pointed out that digital transformation can help enterprises achieve multiple goals such as quality improvement, efficiency increase, cost reduction, savings reduction, green, and security, thus supporting enterprises to gain greater initiative in market competition, It is not only a rescue for enterprises, but also a key measure to enhance the competitiveness of enterprises. Next, we should help SMEs seize new opportunities for digital economy development, explore new directions for enterprise intelligent innovation, and boost the digital transformation and development of SMEs.