Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53725 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
ADBI Working Paper No. 180
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This paper conducts an in-depth analysis of the impacts of the global financial crisis on the People's Republic of China's (PRC's) small and medium enterprises (SMEs). It also provides relevant policy suggestions at the end. First, this paper reviews the impacts of the 1997 Asian financial crisis on the PRC's SMEs, evaluating the policy measures for coping with the crisis at that time and summarizing the relevant experiences. Second, it analyzes the impacts of the current global financial crisis on the PRC's SMEs, focusing the discussion on the causes of and resulting problems from SME' shrinking export markets via reduced export orders, rising operating costs, decreased efficiency, increased shutdowns, sharply rising unemployment, weakened investment confidence, broken lines of funding, and reduced resources. Third, the paper makes a preliminary analysis of the countermeasures taken by the government of the PRC, focusing on its support policies for SMEs and the problems exhibited in the implementation of those policies. Finally, the author makes policy suggestions for boosting the development of SMEs and puts forward relevant measures in the context of an SME credit guarantee, the expansion of financing institutions and channels, tax reductions, the improvement of service systems, and strengthening SMEs' self-construction mechanisms.
JEL: 
F14
F41
O11
O20
Document Type: 
Working Paper

Files in This Item:
File
Size
339.12 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.