Bank Credit Financing Predicament for Small and Micro Enterprises—Causes and Inspirations

  • Wenbin Zhang
  • Di Tong


In the preface to this book, Professor Li Yining pointed out that one of the five major assumptions for China to prevent or over-leap the Middle Income Trap is to give full play to the enthusiasm of the private sector. The rapid growth and development of private economy is an important force supporting China’s rapid economic growth since the reform and opening up. It is the main approach for China to solve the problems of unemployment, the development of poverty-stricken areas and the orderly advance of new urbanization to be committed to developing private economy, cultivating entrepreneurs with strategic vision and ambition to revitalize the private economy. However, small and micro enterprises as the absolute majority of private sector have long been confronted with bank credit financing difficulties, which has greatly limited their development.


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Copyright information

© The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Wenbin Zhang
    • 1
  • Di Tong
    • 2
  1. 1.Guanghua School of ManagementPeking UniversityBeijingChina
  2. 2.School of Economics and ManagementWuhan UniversityWuhanChina

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