Policies should focus on upgrading SMEs, not just emergency relief
4 years, 5 months ago

Policies should focus on upgrading SMEs, not just emergency relief

China Daily  

Employees work on the production line of an electronic products company in Shaoyang, Hunan province, on June 17. The government policies that made this possible are partly a response to the economic disruptions caused by the COVID-19 pandemic, but they predate the coronavirus and are designed to support and upgrade the nation's SMEs. In many ways, the measures to upgrade the labor force through vocational education and to ensure that banks lend to SMEs are reminiscent of the German economic model's emphasis on specialized manufacturers that depend upon and employ well-trained workers. Since SMEs make up about 80 percent of urban new hiring, Standard Chartered's employment expectations indicator also rose to 53.2 from 52.1 in the same period. Measures include readjustments of pension contributions, unemployment insurance and worker compensation payments plus 53.9 billion yuan of direct subsidies for employment－all of which make it cheaper for employers to retain employees.

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History of this topic

Continue improving policy environment for SMEs
1 month ago

Continue improving policy environment for SMEs

China Daily  

According to the Ministry of Industry and Information Technology, the small- and medium-sized enterprise operating index was 50.7 in October, expanding for six consecutive months. Additionally, China Association of Small and Medium Enterprises data indicate that the SME Development Index for October stood at 89, a rise of 0.3 percentage points from that in September, marking the largest increase since …

China unveils measures to boost financing for businesses
2 months, 1 week ago

China unveils measures to boost financing for businesses

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China will introduce an innovative quality financing and credit enhancement policy to ease financing challenges for small and micro-sized enterprises, as well as a guideline to support platform companies to use online traffic efficiently, according to a State Council conference on Monday. Luo Wen, head of the …

China unveils measures to boost financing for businesses
2 months, 1 week ago

China unveils measures to boost financing for businesses

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China will introduce an innovative quality financing and credit enhancement policy to ease financing challenges for small and micro-sized enterprises, as well as a guideline to support platform companies to use online traffic efficiently, according to a State Council conference on Monday. Luo Wen, head of the …

China's SMEs development index reach 88.7 in Sept
2 months, 2 weeks ago

China's SMEs development index reach 88.7 in Sept

China Daily  

A worker inspects a lathe part in a factory in Zaozhuang, East China's Shandong province, Sept 21, 2024. China's Small and Medium Enterprises Development Index stood at 88.7 in September, edging down 0.1 points compared to August, the China Association of Small and Medium Enterprises reported Thursday. Among sub-index for eight sectors, the sub-index in industrial, retail and wholesale, and …

China ramps up support for cutting-edge SMEs in tech advancement drive
5 months ago

China ramps up support for cutting-edge SMEs in tech advancement drive

China Daily  

Employees assemble a drone at an industrial park for small and medium-sized enterprises in Lianyungang, Jiangsu province, in July. BEIJING - China is set to intensify its efforts to nurture and support innovative small and medium-sized enterprises in order to accelerate technological advancements and drive new product development. The MIIT previously announced that a special campaign will be launched to …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

An employee checks export-bound products at a spandex producer in Lianyungang, Jiangsu province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national scientific …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national …

Small, medium firms put up steady Q2 performance
5 months, 1 week ago

Small, medium firms put up steady Q2 performance

China Daily  

Employees assemble a drone at an industrial park for small and medium-sized enterprises in Lianyungang, Jiangsu province, in July. China's Small and Medium Enterprises Development Index stood at 89.4 in the second quarter, with a steady recovery of the private sector during the period. Its clients include big names like Japanese gaming giant Nintendo and Chinese smartphone maker Xiaomi Corp. …

China ramps up financial support for SMEs to spur economic vitality
5 months, 3 weeks ago

China ramps up financial support for SMEs to spur economic vitality

China Daily  

A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. BEIJING -- China has significantly enhanced financial support measures aimed at small and medium-sized enterprises to boost economic vitality. In April, China set up a re-lending program worth 500 billion yuan to promote technological innovation …

China's SMEs development index continues to pick up
7 months, 2 weeks ago

China's SMEs development index continues to pick up

China Daily  

An employee of an engine manufacturer works on a production line in Tangshan, Hebei province, in September. BEIJING -- China's small and medium-sized enterprises reported improved business performance in April, an industry index showed Thursday. The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs from eight major industries, came in at 89.4 in April, up …

Govt unveils new steps to help small businesses
1 year, 11 months ago

Govt unveils new steps to help small businesses

China Daily  

Quality control staff check button mushrooms at an agricultural products company in Shiyan, Hubei province. China has rolled out a string of new measures to help small and medium-sized enterprises tide over short-term difficulties, as part of its broader push to promote the high-quality development of these firms. The 15 steps published by the State Council on Saturday offer targeted …

China's SMEs report improved performance in October
2 years ago

China's SMEs report improved performance in October

China Daily  

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY BEIJING -- The activities of China's small and medium-sized enterprises picked up in October as the country's economy has logged a stable recovery since the third quarter of this year, industry data showed. The Small and Medium Enterprises Development Index, …

China's SMEs report improved performance in October
2 years ago

China's SMEs report improved performance in October

China Daily  

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY BEIJING -- The activities of China's small and medium-sized enterprises picked up in October as the country's economy has logged a stable recovery since the third quarter of this year, industry data showed. The Small and Medium Enterprises Development Index, …

Better moves needed to support small biz
2 years, 4 months ago

Better moves needed to support small biz

China Daily  

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY Development climate improving as effects of pro-growth policy realized China's small and medium-sized enterprises have shown upward momentum in resuming work and business activity, although further policy efforts are needed so that more of them can resume operations at full …

More credit urged for small biz
3 years, 5 months ago

More credit urged for small biz

China Daily  

The booth of China Minsheng Bank promotes lending to smaller businesses during an expo in Beijing. Central bank asks lenders to utilize special policy tools, shore up real economy China's central bank has urged banking financial institutions to increase credit supply to smaller businesses. The PBOC also called upon lenders to scale up inclusive financing services, and continually increase credit …

More credit urged for small biz
3 years, 5 months ago

More credit urged for small biz

China Daily  

The booth of China Minsheng Bank promotes lending to smaller businesses during an expo in Beijing. Central bank asks lenders to utilize special policy tools, shore up real economy China's central bank has urged banking financial institutions to increase credit supply to smaller businesses. The PBOC also called upon lenders to scale up inclusive financing services, and continually increase credit …

Policies should focus on upgrading SMEs, not just emergency relief
4 years, 5 months ago

Policies should focus on upgrading SMEs, not just emergency relief

China Daily  

Employees work on the production line of an electronic products company in Shaoyang, Hunan province, on June 17. The government policies that made this possible are partly a response to the economic disruptions caused by the COVID-19 pandemic, but they predate the coronavirus and are designed to support and upgrade the nation's SMEs. In many ways, the measures to upgrade …

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