Abstract
Over the past 30 years, China's rapid growth of economy has been benefited from the tremendous contribution of SMEs, especially in foreign trade. However, the greatest impact of the financial crisis on China is on exports, and SMEs unavoidably is suffering hardest hit from it. Therefore, it is necessary to examine how SMEs participate in international trade under the new environment thereby contributing better and faster development to our economy. After the analysis of the development of SMEs in international trade, it has been drawn that the current trend of the overall development of SMEs in China is good, but there existing some internal problems, which will cause SMEs facing unprecedented challenges and opportunities in the financial crisis .As a result, SMEs should take the approaches to participate in international trade, such as adhering to independent innovation to enhance the market competitiveness of products; taking the use of operating flexibility to seek for new market space; taking full advantage of new tools to explore international market space; paying attention to avoiding trade barriers, and actively responding to anti-dumping lawsuits; actively investing abroad to conduct transnational business, etc., by which SMEs will soon be out of difficulties and fundamentally improve the depth and level of participation in international trade.
Highlights
Development of SMEs in International TradeSME is the important part of GDP throughout of the world, and China's rapid growth of economy benefited from the tremendous contribution of SMEs over the past 30 years
Over the past 30 years, China's rapid growth of economy has been benefited from the tremendous contribution of SMEs, especially in foreign trade
SME is the important part of GDP throughout of the world, and China's rapid growth of economy benefited from the tremendous contribution of SMEs over the past 30 years
Summary
SME is the important part of GDP throughout of the world, and China's rapid growth of economy benefited from the tremendous contribution of SMEs over the past 30 years. SMEs has become the main force of China's economic development and exports as well. The greatest impact of the financial crisis on China is on exports, and SMEs unavoidably is suffering hardest hit from it. It is necessary to examine how SMEs participate in international trade under the new environment thereby contributing better and faster development to our economy. More and more SMEs have been "going out" to expand overseas market, which has driven China's economy further to the market-oriented transition to large extent, and caused China's economy integrating with the world economy more and more closely
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