ABSTRACT

Independent innovation is a critical factor for China’s economy to be superior to those of the developed countries. High-tech Small-to-Medium-sized Enterprises (SMEs) will be an important factor in facilitating China’s economic development. The United States (US) is a country with a perfect market economy and its market is a self-correcting mechanism. What the US has done to support SMEs is one of the important factors in promoting itself as a leader in the field of innovative technology. This paper analyzes how the US government supports SMEs by developing technology innovation systems and a favorable financing environment, and so on. Finally, the authors put forward some suggestions for Chinese government policy changes in order to support SMEs.