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• W2053787968 abstract "Small and medium-sized enterprises plays a very important role in the process of China's economic development, which are emphasis of China's strategy for developing economy. But their financing difficulty has been the most prominent problem which hinders the healthy development of China's small and medium-sized enterprises. This paper begins with the existing significance of small and medium-sized enterprises to find out the underlying reasons of financing difficulty and now therefore proposes the corresponding countermeasures: 1. to perfect financing guarantee system of small and medium-sized enterprises, 2. to support from policy, 3. to strive to develop small and medium-size financial institution and so on. Index Terms- small and medium-sized enterprises, financing, countermeasures I. Introduction At present, the value of the final products and service which the national small and medium-sized enterprises have created takes up about 60% of the national GDP. The commodities they have produced take up 60% of social total sales. The tax revenue they have turned over has exceeded half of the national tax revenue. They have provided about 80% of the jobs in cities and towns of the country. More than 75% of the independently innovative products and more than 80% of the patents of the country are invented by them. Small and medium-sized enterprises play an important role in the promotion of economic development, the increase of the government public finance income, social employment, economical restructure, and the course of the industrialization and urbanization, which are an important part of China's national economy. In recent years, financing problems have been the prominent bottleneck of the development of privately-owned small and medium enterprises. The exploration of the solutions to the small and medium-sized enterprises financing problems of Government, financing institutions and researchers makes significant achievements whether in direct financing or in indirect financing and broad small and medium-sized enterprises also has obtained long-term development. As it is, small and medium-sized enterprises still are faced with financing constraints in their process of development, such as insufficient government support, incomplete credit guarantee system, and international market development fund shortage and so on. Therefore, how to help these small and medium- sized enterprises to do better and go further is the project we have been committed to solve. The easy choice is to expand financing support ways of small and medium-sized enterprises. II . Financing constraints of small and medium-sized enterprises" @default.
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• W2053787968 date "2013-01-01" @default.
• W2053787968 modified "2023-10-16" @default.
• W2053787968 title "A Further Study of Financing Support Ways of Small and Medium-sized Enterprises" @default.
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• W2053787968 doi "https://doi.org/10.2991/icassr.2013.70" @default.
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