Factors Influencing SME Growth Performance in China: A Conceptual Analysis

Abstract

Small and medium-sized enterprises (SMEs) play a crucial role in driving economic growth and development in China. Understanding the factors that influence SME growth performance is vital for policymakers, researchers, and entrepreneurs. This conceptual paper explores the determinants of SME growth in China by examining the impact of government policies and support, access to finance, market opportunities, innovation and technology adoption, supply chain integration, human capital and talent, the regulatory environment, internationalization and export, networking and business support services, and infrastructure development. Drawing on relevant literature, this paper provides a comprehensive overview of these factors and their implications for SME growth. The findings highlight the need for targeted policy interventions, improved access to finance, effective market strategies, innovation-driven approaches, supply chain optimization, talent development, regulatory reforms, international trade facilitation, networking activities, and infrastructure enhancement to foster SME growth in China. The study contributes to the existing body of knowledge by synthesizing key factors and providing insights for future research and practical implications.