The Board for Private Economic Development Research (IV Board) has released a report analyzing business cash flow pressures and policy recommendations for the end of 2023, which showed that revenues across industries have fallen sharply since mid-2022; most seriously in real estate and construction. The IV Board believes that businesses’ internal strength is weak and many face difficulties due to lower aggregate demand, so capital absorption is problematic. Business difficulties in the short term lie in cash flow to maintain operations, so immediate policies need to focus on supporting this. In the short term, the government has directed ministries, branches, localities, and agencies not to issue regulations that create new fees or costs for businesses, at least in the second half of 2023 and possibly into the first half of 2024.