SMALL INNOVATIVE BUSINESS IN CHINA

Olga Sushko

doi:10.29039/2409-6024-2026-14-1-216-229

VAK Russia 5.2.1 VAK Russia 5.2.3 VAK Russia 5.2.4 VAK Russia 5.2.5 VAK Russia 5.2.6 VAK Russia 5.2.7

6 more Collapse

SMALL INNOVATIVE BUSINESS IN CHINA

Published in Russian Journal of Management · Volume 14, Issue 1 · Pages 216–229 · Rubric: Foreign experience of management

DOI: https://doi.org/10.29039/2409-6024-2026-14-1-216-229

Received: 29.01.2026 Accepted: 20.02.2026 Published: 28.02.2026

Authors

Olga Sushko

Academic degree: candidate of economic sciences

Science rang: docent ; docent

Plekhanov Russian University of Economics professor · Moscow

Military Educational and Scientific Centre of the Air Force «Professor N.E. Zhukovsky and Y.A. Gagarin Air Force Academy» Russian Federation

REU im. G.V. Plehanova Russian Federation

ABSTRACT

The current stage of global economic development is characterized by the increasing role of innovation as a key factor of competitiveness. Of particular interest in this context is the experience of China, where small innovative businesses have become a backbone element of the national economy, providing basic employment, contributing to GDP and creating new technologies. The purpose of this study is to analyze the specifics, mechanisms of government support and prospects for the development of small innovative businesses in China. Based on a systematic and comparative analysis, the article identifies key support institutions (technoparks, incubators, venture funds), analyzes financial and legal instruments of state policy, and identifies current problems (foreign trade restrictions, narrow financing channels). The systematic approach is emphasized, ensuring sustainable growth of the sector even in the face of global challenges. Special attention is paid to the unique features of the Chinese model: the close integration of business, government and science, the flexibility of SMEs and the focus on creating their own technology brands. Key problems have been identified — foreign trade competition, limited access to financing and imperfect legislation — and countermeasures based on the experience of the PRC have been proposed. The conducted research allows us to conclude that China's integrated and multi-level approach is highly effective, the experience of which can be adapted in other countries, including Russia, to stimulate technological entrepreneurship and ensure sustainable economic growth.

KEYWORDS

HR outsourcing, human resources management, economic efficiency, Aeroflot, vendor management

Funding

1. Butuev I. S. Measures to support small and medium-sized businesses in Russia and China: State analysis and promising areas of development / I. S. Butuev. Butuev, E. S. Novopakhina // Modern problems of kinematics development in Russia and China : materials in the World. scientific and Practical Conference (Blagoveshchensk, September 27-29, 2023). – Blagoveshchensk : Amur State University, 2024. – pp. 55-60. – URL: https://www.elibrary.ru/download/elibrary_65857149_48731973.pdf (date of request: 12.01.2026).

2. Egoricheva A. A. The development of small and medium-sized businesses in China: an experience for Russia [Electronic resource] / A. A. Egoricheva // Social and managerial sciences in the XXI century. Results, challenges, prospects 2022 : collection of scientific tr. III All-Russian Scientific and Practical Conference with international participation, dedication. Russian Science Day (St. Petersburg, March 25, 2022). – St. Petersburg : Assoc. to promote the study and popularization of history and social sciences.-Humanities "Scientific research. Peresvet Center, Fora-print, 2022, pp. 52-56. URL: https://www.elibrary.ru/download/elibrary_80494137_88045174.pdf (date of request: 12.01.2026).

3. Korotkova, O. V. Opportunities for small and medium-sized businesses in Russia in the Chinese market / O. V. Korotkova // Innovation and investment. 2025. No. 1. pp. 67-69.

4. Korotkova, O. V. The main problems of economic relations in the sphere of small and medium-sized businesses in Russia and China / O. V. Korotkova // Original research. – 2022. – Vol. 12, No. 6. – pp. 377-379.

5. Larionov, A. A. Small and medium-sized innovative business in the national innovation system of China / A. A. Larionov // Economic development of Russia. – 2024. – Vol. 31, No. 11. – pp. 13-20.

6. Litvin, R. I. Benchmarking tools in small logistics business in Russia and China: comparative analysis / R. I. Litvin, E. N. Tatarchenko, G. V. Chumachenko // Journal of Monetary Economics and Management. – 2025. – No. 12. – pp. 300-307. – DOIhttps://doi.org/10.26118/2782-4586.2025.95.70.038.

7. Liu, Ya. The impact of digitalization of public procurement on the development of small and medium–sized businesses in China / Ya. Liu // Ural Scientific Bulletin. - 2023. – Vol. 3, No. 1. – Pp. 86-90.

8. Simaeva, N. P. The sector of small and medium-sized businesses in Russia and China: financial, economic and legal aspects / N. P. Simaeva, Ya. V. Trofimov // Bulletin of the Volgograd State University. Series 9: Research by young scientists. – 2008. – No. 7. – pp. 78-84.

9. Sokolinskaya N. E. China's experience in supporting small innovative enterprises [Electronic resource] / N. E. Sokolinskaya // Banking services. - 2013. – No. 5. – pp. 36-39. – URL: https://www.elibrary.ru/download/elibrary_19057228_38639657.pdf (date of request: 12.01.2026).

10. Chuvankova, V. V. China: parameters of government interaction with small and medium-sized businesses / V. V. Chuvankova // Asia and Africa today. – 2025. – No. 2. – pp. 60-66. – DOIhttps://doi.org/10.31857/S0321507525020076.

11. Shi D. Problems and countermeasures of development of small and medium-sized businesses in modern China [Electronic resource] / D. Shi // Actual issues of modern economics. – 2022. – No. 4. – pp. 285-290. – URL: https://www.elibrary.ru/download/elibrary_48381787_16889474.pdf (date of request: 12.01.2026).

12. Sakharchuk, N. S. The problems of strategic development of small and medium-sized businesses in China and the measures taken to solve them / N. S. Sakharchuk, R. Liu // Horizons of Economics. – 2023. – № 3(76). – Pp. 148-155.

13. Wang, J. Development of the financial support system for small and medium-sized businesses (on the example of the Chinese construction industry) / J. Van // , December 09, 2024, 2024. - pp. 232-235.

This work is licensed under Creative Commons Attribution-NonCommercial 4.0 International

JATS XML

Chief editor

Aleksandr Suglobov

a_suglobov@mail.ru

Deputy Editor-in-chief

Aleksey S. Mindrin

Publishing editor

Nadezhda Troitskaya

nn2209@mail.ru +7(915)259-03-86

This work is licensed under Creative Commons Attribution-NonCommercial 4.0 International Creative Commons

GOST

Sushko O. P. SMALL INNOVATIVE BUSINESS IN CHINA // Russian Journal of Management. 2026. no. 1. pp. 216-229. DOI: https://doi.org/10.29039/2409-6024-2026-14-1-216-229. (Date of access 25.10.2026).

MLA

Olga Sushko. "SMALL INNOVATIVE BUSINESS IN CHINA." Russian Journal of Management 14.1 (2026): 216-229. DOI: https://doi.org/10.29039/2409-6024-2026-14-1-216-229.

APA

Sushko O. P. (2026). SMALL INNOVATIVE BUSINESS IN CHINA. Russian Journal of Management, 14(1), 216-229. https://doi.org/10.29039/2409-6024-2026-14-1-216-229

Chicago

Olga Sushko. "SMALL INNOVATIVE BUSINESS IN CHINA." Russian Journal of Management 14, no. 1 (2026): 216-229. https://doi.org/10.29039/2409-6024-2026-14-1-216-229.

WIKI

{{cite journal | author = Sushko O. P. | title = SMALL INNOVATIVE BUSINESS IN CHINA | journal = Russian Journal of Management | year = 2026 | volume = 14 | issue = 1 | pages = 216-229 | doi = 10.29039/2409-6024-2026-14-1-216-229 }}

Copy

Export: BibTeX EndNote RefMan RusMARC

SMALL INNOVATIVE BUSINESS IN CHINA

Confirmation