In the past two years, the global economic downturn, the wave of corporate closures has gradually swept all over the country, and this crisis has not only caused a huge impact on the global economy, but also brought unprecedented challenges to countless enterprises and even employees. 
01 The current economic situation is specific to us from many aspects: 1In terms of business operation: According to incomplete data, as of November 15, 2023, more than 500,000 enterprises across the country have declared bankruptcy, 3.18 million self-employed individuals have been deregistered, and 247 listed companies are facing delisting or bankruptcy liquidation, nearly 7800 million people are in debt, and the per capita debt is as high as 140,000;In addition, as many companies are facing a sharp decline in profits, even if they continue to operate, they have to reduce costs by cutting salaries or laying off employees. In this case, many people are facing a sharp decline in income, weakened economic growth momentum, and even shrinking consumption. 
2.Some people say that this year's economic poor is limited to physical stores, and the streets that used to be lively and lively have now become deserted, and many store owners can only face closure because they can't bear it. But online business is getting better and better, which means that people's consumption has shifted online. Is that really the case?Regarding this issue, in fact, the volume of express delivery business can truly reflect the specific situation of this year. Although according to the statistics of the State Post Bureau, in the first half of the year, the national express business revenue has completed a total of 5542900 million yuan, a year-on-year increase of 113%。From the perspective of revenue, in the first half of the year, the revenue levels of SF Express, JD Logistics, and YTO ranked among the top three. However, among the eight listed companies, only three have revenue growth rates higher than the industry average, while Debang, YTO and Best have shown single-digit growth, and SF Express and Yunda have even experienced negative growth. It can be seen that although people's consumption has shifted from offline to online, consumption has not increased much. And it is worth noting that last year, many places were still in a state of lockdown, and the business income base of various express delivery companies was low. The express delivery industry corresponds to everyone's online consumption, online consumption is active, the business volume of express delivery can grow rapidly, and its income can rise. Conversely, online consumption is not as good as it could be. 
3.According to incomplete data, the number of overdue credit card overdraft cards in China has exceeded 400 million, accounting for 29 percent of the country's total population41%, which is equivalent to 1 in 3 people in the country who are overdue.
At the same time, the monthly active users of BOSS Zhipin, 58.com and other recruitment** or apps have exceeded 200 million, an increase of nearly 190%. With more and more people looking for jobs in the market, not only Shuangnon and older college students and workers can't find jobs, but even experts and master-level figures who "graduated" from Evergrande and Ali can't find a home!What is even more worrying is that 11.58 million college graduates have graduated this year, and 11.87 million will join the employment ......force next yearIt can be seen that the competitive pressure in the job market continues to intensify. 
It's getting harder and harder to find a job off-site, but what about those who work on the field?From 2013 to March 2022, a total of 4563751 labor dispute cases were heard, and the number of labor dispute cases reached the highest value in 2020In addition, in 2023, more than 10 million properties across the country will be out of supply, and the number of foreclosure houses will continue to riseUnder all kinds of pressures, not only people's desire to consume has been greatly suppressed, but even the marriage rate and fertility rate have continued to decline. 
02 What caused the economic downturn?Specifically, there are several reasons: First, the uncertainty of the external environment. Affected by global frictions and geopolitical factors, China's exports are facing challenges, which poses a test to the economy with exports as the main driving force. China's export markets are mainly concentrated in developed countries such as Europe and the United States, and the weak demand and protectionist policies in these countries have put pressure on the export of Chinese products.
In addition, volatility in global financial markets also poses risks to China's capital flows and exchange rate fluctuations. In this context, China needs to further strengthen cooperation with major partners, diversify export markets, and reduce dependence on a single market.
Second, internal structural contradictions. Some problems in China's economic structure have also led to economic downturns. For example, some traditional industries have problems such as overcapacity, lack of innovation and technological upgrading, which make it difficult for enterprises to gain a competitive advantage in the market. At the same time, the correction of the real estate market has also had a negative impact on economic growth. And, as the economy enters a new phase, the growth model that relied on heavy industry and low-cost labor in the past is no longer sustainable. China needs to optimize and upgrade its economic structure by deepening supply-side structural reforms, optimizing its industrial structure, and increasing the proportion of service industries and high-tech industries. 
Third, the population is aging. As the Chinese population ages, so does the pressure on social security spending and social welfare. This may lead to the need for the state to take more fiscal measures to support economic development. Fourth, unfavorable weather conditions. Factors such as climate change and natural disasters may also have an impact on China's agricultural production and other industries. For example, extreme weather can lead to reduced agricultural yields and economic fluctuations.
03 What to do?First of all, we must recognize that the impact of the economic downturn on businesses is all-encompassing. When economic growth slows, market confidence is low, investment is reduced, and consumption is weak, companies are faced with a severe situation of reduced orders, declining sales, and compressed profits. In such an environment, many businesses are starting to get bogged down. We have seen many well-known companies close down in this crisis. These companies often have excellent teams, unique technologies, and broad market shares, but they still struggle to withstand the economic winter. The closure of these enterprises has not only brought huge employment pressure to employees, but also had a negative impact on the entire industrial chain. 
However, bankruptcy is not the only way out. In the context of the economic downturn, many companies have begun to seek innovation and change to adapt to the new market environment. They enhance their competitiveness by optimizing internal management, reducing costs, and improving efficiency. At the same time, some companies have also begun to seek new market opportunities, such as expanding into emerging markets and developing new products. In addition, ** is also actively taking measures to deal with the impact of the economic downturn on enterprises. Section: Tax incentives. By reducing the tax burden of enterprises, especially the tax incentives for small and medium-sized enterprises, the operating costs of enterprises can be directly reduced and the profitability and competitiveness of enterprises can be enhanced. This will not only help stabilize existing jobs, but may also create new ones. At the same time, reducing the tax burden will also help stimulate enterprises' enthusiasm for innovation and investment, and promote the development of the economy into higher-end and more innovative fields. 
Section: Streamlining administration and delegating power. An important way to unleash market dynamism by reducing direct intervention in economic activities. Measures such as simplifying the approval process and lowering the market access threshold can effectively reduce the operating costs and time costs of enterprises and improve market efficiency. This decentralization is particularly important for innovative and start-ups. They are usually more sensitive to changes in the policy environment, and streamlining administration and delegating power can provide a more relaxed and flexible development environment for these enterprises.
Section: Optimize the business environment. Create a fair, transparent and accessible market environment. This includes strengthening intellectual property protection, combating illegal competition, and providing more effective legal and administrative support. A good business environment can enhance the confidence of enterprises, attract more domestic and foreign investment, and promote the sustainable and healthy development of the economy. In addition, we need to give the private economy a more open and inclusive financial environment. We will help these enterprises solve their financing problems and promote their healthy development by increasing support for loans to private enterprises and small and medium-sized enterprises, improving the ability and willingness of financial institutions to serve the private economy, and optimizing the structure of the financial market.
Overall, the economic downturn has created significant challenges for businesses, but it has also provided new opportunities. For enterprises and individuals, in this period, we need to realize that only by adapting to the environment and having the courage to change can we survive the competition. And the society should also work together to create a better development environment for enterprises and promote economic recovery and development. Do you agree with that?Agree to like!Wan Ziwen said:Every word of the article was typed out by me, and I clicked it outLookingLet me know that you are also working for lifeDo your bestList of high-quality authors