Abstract
In modern conditions, SMEs especially need the support of the Chinese government. The purpose of this work is to study three key areas of state support for SMEs in China – the monetary policy of the Central Bank of China, tax policy and sectoral policy. SMEs are the drivers of China’s economic growth. The impact on GDP is a crucial factor for the decision to support SMEs by Chinese government authorities. The creation of preferential conditions for SMEs in the post-crisis period creates conditions for improving China’s macroeconomic indicators. Despite the high costs of implementing incentive measures, these investments make it possible to keep SMEs in the market that are facing a crisis situation both due to disruptions in supply chains and due to a decrease in demand for products. The Chinese economy is focused on exports, including high-tech products. That is why special attention is paid to SMEs operating in the innovative sector of the economy. In addition, measures to support SMEs with low profitability were also considered. By applying the historical approach, the analysis of the trajectory of entrepreneurship development in China in the period 1978–2022 was carried out. The distinctive features of Chinese SMEs in comparison with Russian enterprises are highlighted. The classification of SMEs according to the main criteria established at the legislative level in the sectoral context is given. The choice of performance indicators depends on the scale and time interval of the analysis. It is particularly difficult to assess the effectiveness of the measures taken, which have an impact on various spheres in different time periods. The assessment of SMEs’ perception of the current market situation was based on the China SME Confidence Index (China SME Confidence Index) from 2019 to May 2022. Most of the measures considered relate specifically to this period. Based on the analysis of statistical indicators, the types of SMEs in China in which there is the least confidence in the sustainable conduct of activities are identified.
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