Notice of Retraction: The Impact and Countermeasure Study of the World Economic Crisis on Chinese Family Business

Abstract

At the end of 2007, subprime mortgage crisis broke out in America, and then it gradually evolved into global economic crisis and spread to other countries. The international financial situation has been deteriorating sharply and has rapidly evolved into the most serious international economic crisis since the Great Depression of last century. Export trade, as the important support of China's economy, was affected inevitably and greatly, among which small and medium enterprises suffered most. Since most of the small and medium-sized enterprises in our country are family enterprises, some related theories are given in this paper to analyze how the global economic crisis influences the small and medium-sized family enterprises, and it also analyzes how, in the situation of economic crisis, we can solve problems for the further development of family enterprises and some suggestions will be given at last.