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Study on the Problems and
Countermeasures of Small and Micro
Enterprises Transformation in Liaoning Area
Abstract
Along with the increasing development of socialist market economy system and the
deepening of reform and opening up in our country, small and micro enterprises have
become the most dynamic part of Chinas economy, which play an important role in
our national economy. Especially in supporting the large business service industry
and commodity industry, small and micro enterprises are indispensable. These
enterprises, however, are easily eliminated in the fierce competition because of
their small size, lack of management system and limitation of the low capital and
technology constitute, which have lost their original vitality and vigor. Especially
with the further intensification of the financial crisis in 2010, Chinas small and micro
enterprises have confronted unknown difficulties such as the sharp rise of raw
materials prices, the increase of labor costs, an appreciating of RMB and difficulty in
enterprise recruitment, which resulted in rupture of a large number of small and micro
enterprises’ capital chain or even bankruptcy, which made them be widespread
concern in society. Liaoning province, located in the northeast of China, as an old
industrial base, not only possesses a large number of state-owned large and
medium-sized enterprises which make a great contribution to its economic market, but
its small and micro enterprises also play an important role in the economic and
social life. Currently in the critical period, while macro economic is growing slowly
and mode of economic development is
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