Review Article

[Retracted] Review on Social Welfare Crowdfunding in China Based on PEST-SWOT Model

Table 2

PEST-SWOT analysis matrix of social welfare crowdfunding.

PEST
SWOTPoliticsEconomySocietyTechnology

StrengthsLegal guarantee and policy support of national and local governmentsThe economy has returned to the right track, and some of the people’s material needs have been transformed into spiritual needsCharacteristics of two-way low threshold and more likely to get attentionPopular Internet and mobile payment, easy and fast

WeaknessesImperfect small details and insufficient support of the Charity LawLag in the effect of the project after the donors’ economic contributionWeak position of donors among the tripartite participantsTechnical barriers to “Internet+” development between urban and rural areas, which aggravates the dislocation of supply and demand matching

OpportunitiesState focuses and broad prospects for developmentNew markets, which can be developed step by step and integrated with businessAdhere to the correct selection of project standards and give full play to greater social valueCombination with new technologies, to solve highlighted problems

ThreatsContinuing medical insurance reform, threatening the base of the industryContinuing epidemic, threatening social and economic developmentImmature existing charity environment, less strong charity atmosphere at this stageTechnology gaps and vulnerabilities, may be maliciously exploited