Abstract

The year 2021 saw a rapid rectification and improvement of the three major private enterprise strongholds: the Internet platform companies, real estate, and the education and training industry. This rectification is very necessary, is to provide a more effective institutional environment for the long-term healthy development of private enterprises. It is necessary especially for the education and training industry since it has gone in the wrong direction. However, because of the fast and furious method, coupled with the recent increasing pandemic risk, private enterprises have the potential to stumble. Although the government has been vigorously appealing to enterprises that cannot "quiet-quit" and increased credit relief, methods are not efficient. Private enterprises continue to deteriorate, especially in the Yangtze River Delta and Pearl River Delta regions, where most private enterprises are more prominent. Private enterprise's "quiet-quit" phenomenon is manifested in three specific aspects: First, no investment, no development, even if the company’s own funds are abundant or credit available, but also dare not invest. The market lacks both certainty and the lack of space for private enterprises to expand; Second, to find a new way out, companies move their industrial chain capital to Vietnam, Singapore, and other Southeast Asia; Third, companies give up, dismiss or fire employees, and directly cease to operate enterprises. From an objective point of view, these phenomena are not intentionally done by private entrepreneurs, but out of the lack of any certainty about the future. The business environment in general is also worried. In order to effectively solve the problem of private enterprises' " Quiet-quitting ", we provide policy recommendations from seven levels: policy, politics, law, space, model, finance, and rules.