China-ASEAN SME Cooperation Under the Belt and Road Initiative Obstacles and Path Choices to Deepen Development
International Journal of Business and Economics Research
Volume 9, Issue 3, June 2020, Pages: 117-124
Received: Mar. 23, 2020; Accepted: Apr. 20, 2020; Published: May 14, 2020
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Authors
Shaogang Liao, School of Finance, Taxation and Public Administration, Jiangxi University of Finance and Economics, Nanchang, China
Zhikang Luo, School of Finance, Taxation and Public Administration, Jiangxi University of Finance and Economics, Nanchang, China
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Abstract
As a national strategy initiated by China and promoted by high-level officials, the “Belt and Road Initiative” has received great attention from the international community. As the fulcrum of the Silk Road Economic Belt and the main hub of the major power strategy, cooperation between China and ASEAN is crucial. The establishment of the ASEAN Economic Community has brought a lot of business opportunities to the ASEAN countries, The ASEAN economy is continuing to grow. The “Belt and Road” initiative proposed by China has promoted economic cooperation and development between China and ASEAN, The China-ASEAN Free Trade Area has been further upgraded, opening markets to each other provides more favorable conditions for cooperation between the two sides. As the main carrier of employment, small and medium-sized enterprises play an important role in activating the economy, absorbing employment, promoting innovation, increasing taxes, facilitating the people and benefiting the people. Strengthening cooperation between SMEs in China and ASEAN is conducive to promoting industrial restructuring and industrial upgrading on both sides, promoting sustained economic growth in China and ASEAN countries, further expanding the common open market between China and ASEAN, promoting regional economic integration, and promoting the growth of the world economy. However, at present, China and ASEAN countries still face many constraints in the cooperation of small and medium-sized enterprises. The overall competitiveness of SMEs is not strong, the ability to develop international markets is weak, financing difficulties, lack of professional personnel and other issues need to be resolved. This article analyzes the opportunities and dilemmas faced by China-ASEAN SMEs at this stage, and proposes countermeasures to promote China-ASEAN SMEs to deepen cooperation.
Keywords
The “Belt and Road”, China-ASEAN, SME Cooperation, Competitiveness, Complementarity
To cite this article
Shaogang Liao, Zhikang Luo, China-ASEAN SME Cooperation Under the Belt and Road Initiative Obstacles and Path Choices to Deepen Development, International Journal of Business and Economics Research. Vol. 9, No. 3, 2020, pp. 117-124. doi: 10.11648/j.ijber.20200903.14
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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