1、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 into the world
2、 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 important role, bu
3、t 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 brief analys
4、is 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 forced to cea
5、se 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, Chinas SMEs,
6、 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 even close. The
7、re 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 a correspondi
8、ng 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 difficult situat
9、ion 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) The increase i
10、n 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 demand for wor
11、kers 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 difficult； again
12、, 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 to law, and o
13、ther 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 sound Financial
14、 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 bottleneck. W
15、ith 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 declining, which make
16、s 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 limited enfo
17、rcement 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 enterprises also droppe
18、d 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 SMEs to incre
19、ase 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 appropriate compensatio
20、n； 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 services for SMEs,
21、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 facilitate the t
22、ransformation 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 play a decisiv
23、e 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 take measures on
24、 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 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 conducive to
