TITLE:
Financing Difficulties of SMEs from Its Financing Sources in China
AUTHORS:
Juanjuan Jiang, Zhiming Li, Chanyan Lin
KEYWORDS:
Financing, SME, Causes
JOURNAL NAME:
Journal of Service Science and Management,
Vol.7 No.3,
June
25,
2014
ABSTRACT: With the
rapid development of global economy, the reform and opening up policy of China
has provided good opportunities for the vigorous development of small and
medium-sized enterprises (SMEs). And SMEs have become the important force of
sustained, rapid and healthy development of China's economy. Moreover, SMEs
have played an irreplaceable role in promoting China’s economic development,
absorbing labors and promoting market prosperity. But with the global economic
integration, the domestic small and medium-sized enterprise’s operating
environment is facing tremendous changes and more intense competition. This
paper introduces the sources of SMEs’ financing, analyzes its financing
difficulties and causes from its sources, and aims to benefit the development
of SMEs in the near future.