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Staff operate in a workshop at a company in east China’s Jiangsu Province, June 21, 2022. /CFP
China's State Council on Saturday released a document detailing 15 measures to promote the high-quality development of micro-, small- and medium-sized enterprises (MSMEs), according to the Ministry of Industry and Information Technology.
The document aims to boost the competitiveness of MSMEs in the country and stabilize their growth.
Seven of the measures focus on providing policy support, easier financing and expanding demand to help MSMEs overcome difficulties.
In particular, large enterprises and platform institutions are encouraged to release procurement lists targeting MSMEs and carry out cross-border matchmaking activities, in order to create more business opportunities for MSMEs.
The document also outlines eight measures to boost the competitiveness of small businesses.
These include enhancing talent cultivation, increasing direct financing support for quality MSMEs and strengthening the application and protection of their intellectual property rights, the document notes.
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Disinformation report hotline: 010-85061466