THE EVALUATION OF CHINESE SMES DEVELOPMENT FROM 1978 TO 2022

With the development of the Chinese economy, SMEs have grown rapidly since 1978. However, SMEs in China suffered from the world financial and economic crisis in 2008. Recently, Chinese SMEs have been badly hit by Covid-19 pandemic. The adverse effects of this pandemic on SMEs in China are still on-going. This research identifies four stages of Chinese SMEs development in different economic environment.