Digital Transformation as a Source of Economic Recovery of Small and Medium Business in China
The purpose of the study is to answer the questions whether the digital transformation of small and medium-sized businesses can be a source of current economic recovery, as well as what barriers and opportunities arise in the process of digital transformation for companies in China. Among the main issues for study there is the identification of the role of small and medium-sized enterprises as a source of replenishment of the country's income, employment of the population, as well as social stability in the country; assessment of the dynamics of development of small and medium-sized businesses in China under the influence of negative external economic conditions, the COVID-19 pandemic and the acceleration of digital transformation processes for companies of various levels; identification of the main manifestations of the crisis of small and medium-sized enterprises in China; identification of the main obstacles and potential opportunities for digital transformation of small and medium-sized businesses in China.