The government has introduced a series of measures to help small and medium-sized enterprises (SMEs).

Compared with State-owned enterprises, SMEs are much more vulnerable. Latest statistics from the National Development and Reform Commission show that in the first six months of 2008, about 10 percent of SMEs reported an average 15 percentage point drop in their industrial output growth from a year earlier to 30 percent. This indicates a significant shrinkage in their profit margins. SMEs have also been hit by the credit Read more…

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inflation, SME, state-owened, unfavourable, vulnerable