Ａ Ｂａｉｌ－ｏｕｔ Ｐｌａｎ Ｔｈｒｏｗｓ ｏｕｔ ｆｏｒ ＳＭＥｓ

Ｌｉ　Ｚｈｅｎ

From the beginning of 2008, together with the appreciation of the RMB and the risingcosts of labor and raw materials, tight monetary policies have contributed to the fi-nancial plight of small and medium-sized enterprises (SMEs), especially those heav- ily reliant on exports.