Open AccessOpportunities, Challenges and Countermeasures of SMEs Based on "Inner Cycle"
Author(s) -
Rui Ge
Publication year - 2021
Publication title -
modern economics and management forum
Language(s) - English
Resource type - Journals
eISSN - 2717-6053
pISSN - 2717-6045
DOI - 10.32629/memf.v2i6.589
Subject(s) - circulation (fluid dynamics) , business , china , domestic market , consumption (sociology) , investment (military) , sustainable development , industrial organization , chinese economy , sustainable growth rate , economic system , international trade , economics , finance , engineering , social science , sociology , politics , political science , law , aerospace engineering
Over a long time, the development of China’s economy has always relied heavily on investment, export and consumption, or is export-oriented to promote economic growth; however, in the new world economic situation, the export has been curbed and the economic focus needs to be shifted. And China has gradually formed the awareness and strategy of attaching importance to stimulating domestic demand and expanding the domestic consumption market. Therefore, internal circulation will bring unlimited opportunities and challenges to SMEs. It is necessary for SMEs to pay attention to internal circulation and formulate corresponding countermeasures according to internal circulation policies to promote the stable and sustainable development of SMEs.