Ningbo City, The Development Of Smes In The Current World Financial Crisis Under The Pressure Of The Study

At the background of the credit expands day by day, it broke out serious subprime mortgage crisis in USA. That causes a tremendous impact on the economy of USA and other countries all over the world. A high degree of global financial institutions as a result of the internationalization of the global financial system and monetary system and the U.S. dollar over-reliance on the United States, making the sub-loan crisis in the United States into a global financial crisis. As a city that depends much on the foreign trade, Ningbo is more and more affected by the crisis. The crisis causes lots of problems in Ningbo city, such as layoffs and decrease of profit rate in small and medium-sized enterprises. Some companies bankrupt at last.Starting from the occurrence of the subprime mortgage crisis, this paper introduces the changes of the economic environment of China and abroad in Chapter 2. In Chapter 3, it systematically elaborates the current economic situation and features that appears in the small and medium-sized enterprises in Ningbo city. In Chapter 4, it deeply analyzes the impact of the crisis on the small and medium-sized enterprises in Ningbo city, especially in the fields of export trade, external financing, production cost and business innovation. In Chapter 5, this paper makes a comprehensive summary of the experience and effective practices that government did to help the small and medium-sized enterprises stand out the financial crisis in Korea. For example, they provided stable business environment for the enterprises and improved the competitiveness. They also built an economic cooperation system between the small and medium-sized enterprises and the large-sized enterprises to help the small and medium-sized ones to enlarge the product market.At the end of this paper, in order to help the small and medium-sized enterprises in Ningbo city develop stably and sustainably, from two levels of the government and enterprises, the author provides some solutions about how to respond to the subprime mortgage crisis. In the perspective of government, the author advises to establish the law system, to improve the social service system, to training talents for the enterprises, to provide better business environment, to build a perfect social service support system, and to broaden the financing channels. In the perspective of enterprises, the author suggests to expand the native market demand, to adjust the export market, to improve the enterprises' ability of development and innovation, to adjust the structure of the export product, to strengthen the cooperation between the small and medium-sized enterprises and the large-sized enterprises and so on.