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1、精选优质文档-倾情为你奉上The financial crisis on the impact of SMEs in China and Countermeasures By the U.S. sub-prime crisis triggered by the financial crisis spread to all areas of the world, has not only the financial crisis, but a history of rare and strong impact on the world Economic crisis. Integration i

2、nto the world economy, China has also been greatly affected, especially SMEs. Since the reform and opening up, small and medium enterprises developed rapidly, Chinas industrial restructuring, to ease the employment pressure, technological innovation, promoting Economic growth has played a very impor

3、tant role, but this time the economic crisis of the majority of SMEs have been facing crisis of survival, if you do not have a high degree of attention and to take effective measures, it may cause greater volatility in the national economy, the threat to build a harmonious society. This article will

4、 brief analysis of the financial crisis on the impact of Chinas small and medium enterprises and to propose measures to bail out small and medium enterprises in order to be helpful. The financial crisis on Chinas enterprises, especially SMEs, is a very serious impact, resulting in a lot of SMEs are

5、forced to cease operation or even bankruptcy. (1) market decline in aggregate demand, sales of small and medium enterprises affected. The financial crisis had a direct impact on SMEs is a decline in export volume. The sub-prime crisis in the world economic recession, decline in international demand,

6、 Chinas SMEs, exports, reduction in export trade, which makes for a relatively high dependence on foreign markets, export-oriented small and medium enterprises in the production declines, the profit decline in the state, especially in the eastern coastal many enterprises have been cut, layoffs or ev

7、en close. There are also turning to SMEs in the domestic market, in fact, depressed foreign markets, while domestic demand is declining, due to: the impact of economic transmission mechanism, the financial crisis has led to the stock market downturn and a decline in corporate profitability, is also

8、a corresponding reduction in income the purchase of desire is not wang. On the other hand, from the financial crisis for the world economy creates a fear of mind to consumers, in order to take preventive measures, they try to curb government spending and reduce consumption. These have led to the dif

9、ficult situation of domestic-based small and medium enterprises, or even bankruptcy. Reduction in the face of market share, increasing competition among enterprises on the market the product even more serious oversupply of lower prices, corporate profit margins shrink, survival more difficult. (2) T

10、he increase in cost, small and medium enterprises be further squeezed profit margins. First of all, in recent years, raw materials and energy prices overall rose substantially higher prices for agricultural products, leading to increased production costs of SMEs; Second, the new Labor Contract Law d

11、emand for workers on foot 3 business insurance, payment overtime, which is no doubt regulated employment system, and improving the income of the workers and safeguard the basic rights of workers, but on the other hand, this will also increase their labor costs and make Enterprise Management more dif

12、ficult; again, due to environmental degradation, governments at all levels also increased environmental management efforts to require companies waste water treatment, exhaust gas recycling purification, for non-compliance emissions, polluting enterprises to adopt a deadline for correction according

13、to law, and other measures, which also forced the The costs for enterprises to improve the environment. At the same time as the prices of production factors, enterprises pay for the cost of land use is also increasing. (3) SME financing difficulties. In recent years, SMEs widespread system is not so

14、und Financial Management was not standardized, low mortgage guarantee agencies, Information opaque, such phenomena as lack of credit, resulting in difficulties in obtaining bank loans for SMEs, financing channels less difficult, insufficient funds, which SME Development has been troubled by a major

15、bottleneck. With the advent of the financial crisis, this issue become more prominent. In the context of world economic recession, SMEs operating difficulties, increased credit risk, banks in order to reduce the risk of their own to raise the threshold for lending to SMEs, lending amount is declinin

16、g, which makes it more difficult for the financing of SMEs. Although countries have introduced financial institutions to increase credit support for SMEs policy, but because of the credit market Information asymmetry caused by the adverse selection and the moral hazard problem would make the bank is

17、 limited enforcement of these policies. In addition, the advent of the financial crisis, the decline in aggregate demand, domestic and international markets, raw materials and energy costs, corporate profit margins narrow, with the result of internal financing capacity of small and medium enterprise

18、s also dropped significantly. Small and medium enterprises to promote Chinas economic development has an important role in helping small and medium enterprises out of difficulty, the Government is duty-bound, to come from the following aspects: First of all, to improve the financing environment for

19、SMEs to increase policy support. Local governments can finance through the creation of a special fund to develop small business loan interest subsidy system; the establishment of SME credit risks and increase the compensation funds, to increase loans to SMEs financial institutions to give appropriat

20、e compensation; perfect the security system and establish a security risk compensation mechanism, to reduce Small secured loan interest rate, increase the amount small secured loans; got the right to make good use private capital to expand the financing channels; to strengthen and improve the servic

21、es for SMEs, to establish and improve social service system for SMEs. Second, relevant government departments should guide scientific Research institutes, colleges and universities with the SMEs production and research combination of technological Innovation for SMEs to provide credit support to fac

22、ilitate the transformation of scientific and technological achievements. Government policy is helping SMEs to cope with the financial crisis, external causes, the SMEs own forces are internal, according to philosophical principles we can see that external and internal factors must play a role, but p

23、lay a decisive role in internal and external causes by internal factors play a role. Therefore, SMEs can not simply rely on the Government introduced a large number of policies to deal with the financial crisis, SMEs play a decisive role in the survival or the enterprises own strength, SMEs must tak

24、e measures on their own, actively respond to the crisis. (1) reaffirm our confidence. To overcome the financial crisis, should first of all confidence, clarify development ideas. As Premier Wen put it, before the crisis, confidence is more important than gold and currency, confidence is a source of

25、strength to overcome the crisis. (2) seize the opportunity. First of all, use good policy. In order to maintain rapid and sound economic development, expanding domestic demand, the Government has stepped up its efforts to support SMEs in 2008, since the state has adopted a series of policies conduci

26、ve to the development of SMEs. If the mitigation aspects of SME financing difficulties, encouraging financial institutions to steadily increase the proportion of SME lending and the recognition of the legalization of private lending, etc.; in improving the financing environment, the PBOC promulgated

27、 the on further improvement of the views of financial services for SMEs and on strengthening and improving the guidance of financial services for SMEs and so on; in expanding domestic demand, encourage transformation and upgrading of processing trade enterprises and stability of capital markets. Mak

28、e good use of these policies will help small and medium enterprises out of difficulties. Reposted elsewhere in the paper for free download Second, to attract talent. Financial crisis occurred in developed countries have laid off a number of large enterprises, which for our small and medium enterpris

29、es to attract foreign high-end talents and provide opportunities for overseas students; the same time, the financial turmoil on Chinas trade, finance and other industries affected relatively large, many of these industries enterprises are lower, and layoffs or bankruptcy, some or all of these enterp

30、rises need to re-career personnel, employment pressures, which for our small and medium enterprises to introduce low-cost, high-level managerial talent and financial talent to create opportunities. SMEs should seize this opportunity, reserve personnel, in order to lay a solid foundation for future d

31、evelopment. Again, within the framework of a global industrial restructuring opportunities. Europe and the United States and other developed economies affected by financial crisis relatively large, in order to cushion the slump in the domestic economy against the adverse effects of the manufacturing

32、 sector, the manufacturing sector in these countries is bound to transfer to developing countries, for China to become the worlds largest manufacturing base with a come to a historic opportunity for development. Chinas small and medium enterprises should seize this opportunity to actively respond to

33、 and seek more funds intermediation, merger or acquisition of foreign scientific Research institutions, the upstream raw material supply enterprises and downstream product sales business, efforts to improve the technological content of products, reduce production costs, increase its global market sh

34、are of sales and enhance China become the world manufacturing hub status. Finally, the industrial upgrading opportunities. The financial crisis, labor-intensive, management is poor, the net production of low value-added processing of primary products or production-oriented enterprises be a major sho

35、ck, facing the threat of closing or closed down, which forced some enterprises to strengthen management and technical innovation, to upgrade the Industry structure of level, taking product upgrading, winning by quality intensive type business model. At the same time, countries to enhance high-tech p

36、roducts to deep processing of agricultural products as raw materials for export tax rebate rate, reduced or eliminated coal, steel and other resources of value-added products is not high, the export tax rebate rate, which also forced a number of primary products processing enterprises the positive d

37、evelopment of production of high-tech products, accelerate industrial restructuring and upgrading, upgrade the structure of export products and expand exports of hi-tech products and strive to enjoy the benefits of the export tax rebate policy. (3) strengthening internal management and enterprises f

38、or independent innovation. First of all, we should strengthen management and improve operational efficiency. May take the following specific measures: to retain the best employees, enhance the exchange of ordinary employees, motivate and keep employees motivated, in-house to create a strong cohesive

39、 force, improve production efficiency; strengthen their internal management, and build an efficient organization structure, cutting management layers and links, and lower administrative costs; the introduction of specialized production, reduce operating costs of production in order to save money; ri

40、ght to dispose of idle assets to reduce asset loss, but also increase the capital reserves. Secondly, we must increase R & D investment, foster innovation. Production skills on staff training and training to develop staffs sense of Innovation and the establishment of innovative mechanisms to mot

41、ivate staff, encourage staff to carry out technological innovations, forming their own unique core technology; the use of new Technology Research and development of new products and promote upgrading of products and take the brand development path, to improve the visibility of companies; on service

42、innovation, build first-class service system and improve the corporate reputation. (4) make full use of the Internet, to establish a suitable model of network marketing. With the widespread use of the Internet, people in online shopping has become a fashion, which for the network to create the condi

43、tions for the emergence of marketing. Internet marketing, low cost, quick, is to boost sales in an effective way. SMEs should be based on characteristics of their products, customer demand for Population characteristics, to establish a suitable model of the enterprises network marketing. (5) SME joi

44、nt between horizontal or vertical will help enhance the competitiveness of enterprises. SMEs, due to management, technology, capital and so there are more disadvantages of going it alone is difficult to compete too large enterprises, so in order to improve competitiveness and enhance strength, produ

45、cing the same or similar products, enterprises and enterprises upstream and downstream of the , are all can be horizontal or vertical, so that is conducive to the formation of economies of scale, lower transaction costs, reduce management costs and production costs, improve efficiency, avoid price w

46、ars and malicious competition; but also help to improve operational capability of enterprises, financing capability, science and Technology Innovation ability and management level, enhance their ability to withstand the crisis. In the economic globalization, China will inevitably be drawn into the f

47、inancial crisis, in which Chinese SMEs have been hit is quite large. SMEs in order to successfully tide over the difficulties, in addition to helping the government, SMEs themselves also need to strengthen confidence, seize opportunities, improve enterprise capability of independent innovation and e

48、stablish an appropriate network Marketing model lateral vertically integrated companies, only to take these measures will be useful in the context of the financial crisis to survive and develop, can we remain invincible in the fierce competition in order to achieve the post-crisis grow. References1

49、Wu Qun: The global financial crisis environment for SME development Analysis J; Nanjing Institute of Politics Journal of 2008 (6): 43. 2 Zhanbi English: on the global financial crisis on the impact of private enterprises and coping thinking J; Central Institute of Socialism Journal of 2009 (2): 77. 3 Feng-Ying Zhang: Financial crisis SME Marketing Strategy J; academic papers on 2009 (13): 15. Reposted elsewhere in the p