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Stimulation of Small and Medium-Sized Businesses in China in New Conditions of the Global Economy
 
PIIS013128120007502-3-1
DOI10.31857/S013128120007502-3
Publication type Article
Status Published
Authors
Valentina Chuvankova 
Affiliation: IFES RAS
Address: Russian Federation
Journal nameProblemy Dalnego Vostoka
EditionIssue 5(2)
Pages31-42
Abstract

The article discusses the role of small and medium-sized enterprises in the economic development of the country in the new conditions of the braking economy under the pressure of external challenges and internal difficulties. Its economic and innovative potential and priority value in ensuring balanced and sustainable development of the country, expansion of employment channels, improvement of living standards of citizens are shown. Specific measures aimed at creating a favorable business environment for medium-sized, small and microenterprises, including target tax cuts and reduction of monetary fees, simplification of the procedure for trade and industrial registration and obtaining financial services, reducing the threshold of access to domestic and foreign markets, increasing investment and innovation activity, unlocking the potential in the field of consumption and employment are traced.

KeywordsChina, 40 years of reforms, small and medium-sized business, economic potential, employment, taxes and loans, innovations, 19th Congress of the CPC, session of the NPC
Received01.12.2019
Publication date05.12.2019
Number of characters43674
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