China's Guangxi to build SME demonstration zones
4 years, 3 months ago

China's Guangxi to build SME demonstration zones

China Daily  

South China's Guangxi Zhuang autonomous region will build three demonstration zones of innovation and entrepreneurship for small and medium-sized enterprises in the cities of Nanning, Liuzhou and Guilin. Centrally administered state-owned enterprises, foreign companies and those in the Yangtze River Delta region and the Guangdong-Hong Kong-Macao Greater Bay Area are expected to be introduced to the demonstration zones. Data from the federation show that Guangxi currently has some 770,000 micro, small and medium-sized enterprises, as well as 2.32 million individually owned businesses with total registered capital exceeding 4 trillion yuan. Guangxi saw 79,000 new micro, small and medium-sized enterprises registered in the first half of this year, accounting for more than 95 percent of the total newly-registered companies in the region during the period.

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