According to Deputy Director of small and medium sized enterprises department of China Industry and Information Technology Ministry, Mr. Zheng Xi, it is the prime time for development of small and medium sized enterprises (SMEs) now. All different ministries and local governments will continue to help to solve various kinds of difficulties SMEs meet during their growth. They will also work hard on developing a good environment for SMEs.
Mr. Zheng Xi says that SMEs are important parts of China's GDP and social development. They play key role in economy development, employment, livelihood improvement and technology innovation.
At present, there are more than 10 million SMEs in China, accounting 99% of all enterprises. Among all these SMEs, 95.8% are small enterprises each with less than 300 employers. In China, 60% of GDP, 50% of tax revenue and 80% of employment rate in towns and cities all come from SMEs.
Since the implementation of Law on Promotion of Small and Medium-sized Enterprises in 2003, many favored policies have been carried out. Mr. Zheng Xi says that it is the prime time for development of SMEs now.
According to him, the government will continue to help to solve difficulties SMEs face such as labor shortage, cost rise, innovation inability and so on.
