Micro Small Medium Enterprises (MSMEs) across the globe have been impacted by the pandemic.Which one of the following statements about these enterprises isINCORRECT?

Group of answer choices

Even China's Small and Medium enterprises are experiencing the negative consequences of the pandemic with survey results showing cash shortages and revenue shortfalls.

In the U.S. the impact of the pandemic is so severe that business applications by start-ups have reached a record low - much fewer applications as compared to the preceding several years.

Based on the findings of the ITC survey, MSMEs in Africa have been more adversely impacted by the pandemic than MSMEs in other regions.

MSMEs cannot be ignored - they assume a major role in the global economy as they stimulate domestic demand, job creation, and competition.