Print This Page Email This Page
Chinese Premier Calls for Support of SMEs

Chinese Premier Wen Jiabao on Saturday outlined a series of proposals for local governments to support small and medium-sized enterprises (SMEs).

Touring SMEs in the south China's  of Guangdong Province, Wen said SMEs would play a crucial role in promoting economic growth, increasing fiscal revenue, providing jobs and maintaining social stability.

Wen visited SMEs in Shenzhen, Dongguan and Foshan cities, where he demanded local governments to readjust and improve policies to support the healthy and rapid growth of SMEs.

Measures should include easier access to credit extensions as well as preferential tax policies, and more loans to ensure SMEs grow faster in the fourth quarter.

Financing priority should be given to SMEs that met industrial and environmental protection standards and had technologies and markets, and should encourage firms to transform and restructure.

Wen said SMEs in Shenzhen performed better than those in other parts of the delta because they upgraded and innovated.

On Friday afternoon, while inspecting export-oriented, labor-intensive SMEs in Dongguan, he said the key to survival and growth was to develop new products, increase product ranges, improve quality and diversify markets.

(Xinhua News Agency November 16, 2008)

Related Stories
- Financing Conditions Improve for China's SMEs
- Official: China Mulls More Support to SMEs
- Zhang Urges Supporting Development of SMEs
- Chinese SMEs Warned of Hard Times Ahead

Print This Page Email This Page
G20 Summit 1st Joint Step to Tackle Global Financial Crisis
China Marks UN World Diabetes Day, Stressing Healthy Living
Cultural Reserve Set up to Protect Quake-hit Qiang Culture
Chinese Commodities Fair Opens in Zimbabwe
China Receives 60 Bln Yuan Donations for Earthquake Relief
Gov't Pledges to Provide Policy Umbrella for Disabled

Product Directory
China Search
Country Search
Hot Buys