Yuxi Sun

Mar 2, 2025 | mdpi.com | Na Sun |Sarah Wu |Yuxi Sun |Yamei Guan

1. IntroductionChina’s Small and Medium-sized Enterprises (SMEs) have contributed significantly to the national economy and social development. Despite their significant contributions and considerable size, SMEs have faced numerous challenges, such as fluctuations in the macroeconomic environment, increasing supply chain uncertainty, and the pressure to reduce excess capacity. These obstacles hinder their transition to a “small but mighty” development model.