Achieving the Resilience of Production Networks During Economic Crisis: The Case of Chinese SMEs

  • Minquan LiuEmail author
  • Hang Tai


This chapter reviews and analyzes the effects of rising labor costs, CNY appreciation, and the 2008 Global Financial Crisis on the performance of Chinese SMEs. Chinese SMEs have spearheaded the integration of the Chinese economy with the world economy through their involvement and partnership with the Asian regional and global production networks and supply chains. While they have acted as important linkages for the national economy with the world economy, they have also become important conduits of the impact of world events on the national economy. This chapter focuses on the impact of the 2008 Global Financial Crisis against the background of rising labor costs and currency appreciation that had already been exerting great strains on SMEs in China.


SMEs Regional and global production/supply/value chains Chinese economy International financial crisis 

JEL Classification

F60 L14 L25 


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Copyright information

© This is a U.S. government work and not under copyright protection in the U.S.; foreign copyright protection may apply 2020

Authors and Affiliations

  1. 1.Center for Human and Economic Development StudiesPeking UniversityBeijingChina
  2. 2.School of EconomicsPeking UniversityBeijingChina

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