A Study on Financing Difficulties of SMEs in China

Abstract

Small and medium-sized enterprises (SMEs) play an irreplaceable role in China’s economy. Since the reform and opening-up, China’s small and medium enterprises have developed rapidly. Especially, they played an important role in increasing employment opportunities, promoting scientific and technological innovation and promoting economic prosperity. However, their important role was not in line with the financing difficulties, which already blocked the development of SMEs. Therefore, it is urgent to solve the financing difficulties of small and medium-sized enterprises. The paper analyzes the financing situation of SMEs in China, analyzes the causes and puts forward some countermeasures and practical suggestions to solve the financing difficulties of SMEs.