China SME Series
China SME Series
China's small and medium sized enterprises contribute around 60 percent of the country's economic output, and 80 percent of jobs. However, due to their smaller size, they're vulnerable to economic uncertainties and financial risks. As China's economy slows, SMEs are under increasing pressure. Our reporter, Guan Xin, takes a look at what these businesses are doing to survive such uncertain economic times, in the first installment of a four-part special series.
Series IV: Chinese exporters turn to domestic market
China has built up a major export-oriented economy over the past 30 years, with many small and medium sized enterprises engaged in selling their goods overseas. But, they now face a harsh environment as global demand weakens.
Series III: China SMEs undergo restructuring to survive
Now we continue our 4-day focus on China´s small and medium sized enterprises. Faced with mounting challenges, they have to restructure to ensure their long-term development. In today´s third episode, our reporter Guan Xin looks into the restructuring process and the most pressing challenges they face.
Series II: SMEs under pressure of rising production costs
Soaring price levels are squeezing profits made by China´s enterprises, especially smaller businesses. In today´s special series about China´s small and medium size enterprises, our reporter Guan Xin takes a closer look at the impact of rising production costs, and how some companies are adapting.
SeriesⅠ: China SMEs under credit pressure over slowing economy
China´s small and medium sized enterprises contribute around 60 percent of the country´s economic output, and 80 percent of jobs. However, due to their smaller size, they´re vulnerable to economic uncertainties and financial risks.
China Vice Premier Wang Qishan urges financial support for SMEs
China´s Vice Premier Wang Qishan has stressed the need for banks to increase support for rural development and small businesses, in order to ease fundraising difficulties amid global economic uncertainty and monetary tightening.
PBOC: Less Chinese SMEs undergo bankruptcies
China´s mid-and-small businesses have suffered from rising production costs, and fears of mounting factory closures in the country´s south have been raised recently. But a central bank official says the SMEs have not undergone large-scale bankruptcies.
PBOC: No mass closure of SMEs over tightening monetary policy
Responding to recent media reports, China´s central bank says the country´s tightening monetary policy has not led to a massive closure of small and medium sized enterprises.
