Scaling Up SMEs in China

Abstract

This chapter provides an in-depth examination of the advantages and disadvantages that China's SMEs confront in the country's dynamic economic climate. It begins by outlining the challenges small enterprises confront, including little money, complicated regulations, and the need to update outdated technology. It then examines the methods used by Chinese SMEs, such as the adoption of digital technologies, the creation of novel business models, and the development of non-traditional sources of funding, to achieve scalable growth. Several examples are given, primarily from the fields of agriculture and tourism, to illustrate the usefulness of these methods. SME capacity building and policy recommendations for an enabling environment round out the chapter. Those curious about the factors driving the expansion of China's small and medium-sized enterprises (SMEs) will find this book chapter essential.