SMEs in China deserve more support
Based on the data of China Association of Small and Medium Enterprises, SMEs contribute 60% of China’s GDP but only get less than 25% of total bank loans and receive fewer resources from the government. As the CEO of BPOVIA, one of SMEs in Nanjing, James Huang said, “To make larger contribution to China’s GDP, we need more support to enlarge our business”, the stronger the SMEs are, the better will be for China’s future.
Business experts also said that SMEs deserve more support from the central government.
Long Yongtu, secretary-general of the Boao Forum and former vice-foreign trade minister, once said at a forum to discuss the development of a central business district in Shenzhen that the world’s Read more…
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