搜索
ThefinancialcrisisontheimpactofSMEsinChinaandCountermeasuresBytheU.S.sub-primecrisistriggeredbythefinancialcrisisspreadtoallareasoftheworld,hasnotonlythefinancialcrisis,butahistoryofrareandstrongimpactontheworldEconomiccrisis.Integrationintotheworldeconomy,Chinahasalsobeengreatlyaffected,especiallySMEs.Sincethereformandopeningup,smallandmediumenterprisesdevelopedrapidly,China'sindustrialrestructuring,toeasetheemploymentpressure,technologicalinnovation,promotingEconomicgrowthhasplayedaveryimportantrole,butthistimetheeconomiccrisisofthemajorityofSMEshavebeenfacingcrisisofsurvival,ifyoudonothaveahighdegreeofattentionandtotakeeffectivemeasures,itmaycausegreatervolatilityinthenationaleconomy,thethreattobuildaharmonioussociety.ThisarticlewillbriefanalysisofthefinancialcrisisontheimpactofChina'ssmallandmediumenterprisesandtoproposemeasurestobailoutsmallandmediumenterprisesinordertobehelpful.ThefinancialcrisisonChina'senterprises,especiallySMEs,isaveryseriousimpact,resultinginalotofSMEsareforcedtoceaseoperationorevenbankruptcy.(1)marketdeclineinaggregatedemand,salesofsmallandmediumenterprisesaffected.ThefinancialcrisishadadirectimpactonSMEsisadeclineinexportvolume.Thesub-primecrisisintheworldeconomicrecession,declineininternationaldemand,China'sSMEs,exports,reductioninexporttrade,whichmakesforarelativelyhighdependenceonforeignmarkets,export-orientedsmallandmediumenterprisesintheproductiondeclines,theprofitdeclineinthestate,especiallyintheeasterncoastalmanyenterpriseshavebeencut,layoffsorevenclose.TherearealsoturningtoSMEsinthedomesticmarket,infact,depressedforeignmarkets,whiledomesticdemandisdeclining,dueto:theimpactofeconomictransmissionmechanism,thefinancialcrisishasledtothestockmarketdownturnandadeclineincorporateprofitability,isalsoacorrespondingreductioninincomethepurchaseofdesireisnotwang.Ontheotherhand,fromthefinancialcrisisfortheworldeconomycreatesafearofmindtoconsumers,inordertotakepreventivemeasures,theytrytocurbgovernmentspendingandreduceconsumption.Thesehaveledtothedifficultsituationofdomestic-basedsmallandmediumenterprises,orevenbankruptcy.Reductioninthefaceofmarketshare,increasingcompetitionamongenterprisesonthemarkettheproductevenmoreseriousoversupplyoflowerprices,corporateprofitmarginsshrink,survivalmoredifficult.(2)Theincreaseincost,smallandmediumenterprisesbefurthersqueezedprofitmargins.Firstofall,inrecentyears,rawmaterialsandenergypricesoverallrosesubstantiallyhigherpricesforagriculturalproducts,leadingtoincreasedproductioncostsofSMEs;Second,thenew'LaborContractLaw'demandforworkersonfoot3businessinsurance,paymentovertime,whichisnodoubtregulatedemploymentsystem,andimprovingtheincomeoftheworkersandsafeguardthebasicrightsofworkers,butontheotherhand,thiswillalsoincreasetheirlaborcostsandmakeEnterpriseManagementmoredifficult;again,duetoenvironmentaldegradation,governmentsatalllevelsalsoincreasedenvironmentalmanagementeffortstorequirecompanieswastewatertreatment,exhaustgasrecyclingpurification,fornon-complianceemissions,pollutingenterprisestoadoptadeadlineforcorrectionaccordingtolaw,andothermeasures,whichalsoforcedtheThecostsforenterprisestoimprovetheenvironment.Atthesametimeasthepricesofproductionfactors,enterprisespayforthecostoflanduseisalsoincreasing.(3)SMEfinancingdifficulties.Inrecentyears,SMEswidespreadsystemisnotsoundFinancialManagementwasnotstandardized,lowmortgageguaranteeagencies,Informationopaque,suchphenomenaaslackofcredit,resultingindifficultiesinobtainingbankloansforSMEs,financingchannelslessdifficult,insufficientfunds,whichSMEDevelopmenthasbeentroubledbyamajor'bottleneck'.Withtheadventofthefinancialcrisis,thisissuebecomemoreprominent.Inthecontextofworldeconomicrecession,SMEsoperatingdifficulties,increasedcreditrisk,banksinordertoreducetheriskoftheirowntoraisethethresholdforlendingtoSMEs,lendingamountisdeclining,whichmakesitmoredifficultforthefinancingofSMEs.AlthoughcountrieshaveintroducedfinancialinstitutionstoincreasecreditsupportforSMEspolicy,butbecauseofthecreditmarketInformationasymmetrycausedbythe'adverseselection'andthemoralhazardproblemwouldmakethebankislimitedenforcementofthesepolicies.Inaddition,theadventofthefinancialcrisis,thedeclineinaggregatedemand,domesticandinternationalmarkets,rawmaterialsandenergycosts,corporateprofitmarginsnarrow,withtheresultofinternalfinancingcapacityofsmallandmediumenterprisesalsodroppedsignificantly.SmallandmediumenterprisestopromoteChina'seconomicdevelopmenthasanimportantroleinhelpingsmallandmediumenterprisesoutofdifficulty,theGovernmentisduty-bound,tocomefromthefollowingaspects:Firstofall,toimprovethefinancingenvironmentforSMEstoincreasepolicysupport.Localgovernmentscanfinancethroughthecreationofaspecialfundtodevelopsmallbusinessloaninterestsubsidysystem;theestablishmentofSMEcreditrisksandincreasethecompensationfunds,toincreaseloanstoSMEsfinancialinstitutionstogiveappropriatecompensation;perfectthesecuritysystemandestablishasecurityriskcompensationmechanism,toreduceSmallsecuredloaninterestrate,increasetheamountsmallsecuredloans;gottherighttomakeg