Research on the Problems and Development of Small and Medium Enterprises in the Pearl River Delta

¹ Hong Kong Asia Business College Headquarter Office, Hong Kong
² Limkokwing University of Creative Technology China Office Zhengzhou, China

^a edu.china@139.com
^b 15303964@qq.com

Abstract

Since the reform and opening up, the economy of the Pearl River Delta has achieved rapid development and remarkable results. Small and medium-sized enterprises in the region have also achieved rapid development in terms of quantity and quality, and have become an important part of the region. However, with economic globalization, because of continuous changes in the external environment, and its own industrial upgrading and structural adjustment, even if small and medium-sized enterprises in the Pearl River Delta region have advantages compared with other regions in China. However, there are still problems in the development process. The article mainly analyzes the financing difficulties of SMEs in the Pearl River Delta region and the brain drain in recent years, and gives corresponding countermeasures. Since small and medium-sized enterprises occupy an important position in the economy of the Pearl River Delta region, they can not only promote technological innovation and boost domestic demand for production, but also drive the employment rate to rise. Therefore, the development of small and medium-sized enterprises in the region has played a positive role in the economic progress of the Pearl River Delta region, and the place has also promoted economic development.