Online Class Notes (Tibo) (S+R)

In your opinion what should the government and central bank do to help SMEs in this situation?
During the virus period the SMEs are going to the challenging times now.
Their cash flow are significantly impacted due to operation and business are stopped for 2 months.
Some fixed costs are still happen like the rent, salary so a lot of SMEs are making losses these days.
In order to survive the government should pay active measures to help them. The Chinese government has announced a tax reduction, lowering the interest rate for SME loans and this week US government has announced unlimited QE quick will provide an unlimited credit support.
I think it is just a measure to improve the investor’s confidence. the stock market had a positive reaction to this and on the other hand it will increase a lot of inflate to all the world. It is not just the US government who pays it will be paid globally.
I think the measures from Chinese government is not as aggressive as the USA, they don’t inject a lot of money in the stock market. The government just reduce the bank reserve to make lending easier.
it is not very useful because everyone has different situation and maybe the government can help the people in difficulties not everyone , this is more efficient.

He wants to win the election so he wants the terrible situation impact voting.

In your opinion what should the government and central bank do to help SMEs in this situation?

During the virus outbreak / while the virus last the SMEs are going through challenging times.
Their cash flow sare significantly impacted due to operation and business being stopped/ due to the economic stop
Some fixed costs are still happening/ fixed costs still need to be paid, like the rent, salaries so a lot of SMEs are making losses these days / aren’t profitable / bleeding money
In order to survive the government should take/implement active measures to help them. The Chinese government has announced tax reductions, lowering the interest rate for SME loans and this week the US government has announced unlimited QE which will provide an unlimited credit support.
I think it is just a measure to improve the investor’s confidence. / to stabilize the market.
the stock market had a positive reaction to this but on the other hand it will increase inflation all around world. / as a result inflation will increase.
It is not just the US government who pays it will be paid globally.
I think the measures from the Chinese government are not as aggressive as the USA, they didn’t  inject a lot of money in the stock market. The government just reduced the bank reserve to make lending easier.

it is not very useful because everyone has a different situation and maybe the government can help the people in difficulties not everyone , this is more efficient.

it puts a lot of stress on the system because everyone is using it.

Vocabulary

to finger point : to blame someone
instead of finger pointing at each other we should work together to solve the situation

scapegoat (n) a person / thing blamed for a mistake
Trump is using China as a scapegoat for the virus outbreak

to stabilize : to make more stable
They tried to stabilize the market.

subsidy (n) amount of money given to help an industry or business
you can get subsidies if you buy a car which doesn’t pollute / clean car.

to subsidize (v)
The EU subsidizes agriculture.

cheque (GB)/ check (US) : transfer on paper
the US government is sending a check of 1000USD to everyone

close – up (n): frame zooming in on something to show details
I looked a the close up of his face and he seemed very tired.