Study on SME of China Development and Competitive Strategy in the Age of Knowledge Economy

The era of knowledge economy refers to the late industrialization, knowledge has become the most important production resource, and formation of an entrepreneurial economy system with innovation-oriented. This article explains the importance of SMEs to economic development, small and medium enterprises faced challenges in the era of knowledge economy, the development and competitive strategy of medium and small enterprises in the era of knowledge economy, and there is guidance significance to the development of China's medium and small enterprises. Key words: Knowledge; Small and medium enterprises; Competition strategy