China acknowledges SMEs role
Slightly belated though:
Context: Overview of the SME Support
As economic transformation progresses, the Central government of China gradually learned to recognize and appreciate the importance and significance of small and medium enterprises (SME) in the efforts of establishing an enabling environment for SME development (year 2003 is a milestone to Chinese SMEs: “SME Promotion Law” began to take effect and be implemented on Jan. 1st and the State Council newly set up SME department in State Development and Reform Commission-SDRC). The law stipulates the policies that are in favour of SME development, e.g. establishment of SME Support System network nationwide in all municipalities in line with local conditions and the special funds from government budgets set aside for supporting SMEs, etc.
More....
Slightly belated though:
Context: Overview of the SME Support
As economic transformation progresses, the Central government of China gradually learned to recognize and appreciate the importance and significance of small and medium enterprises (SME) in the efforts of establishing an enabling environment for SME development (year 2003 is a milestone to Chinese SMEs: “SME Promotion Law” began to take effect and be implemented on Jan. 1st and the State Council newly set up SME department in State Development and Reform Commission-SDRC). The law stipulates the policies that are in favour of SME development, e.g. establishment of SME Support System network nationwide in all municipalities in line with local conditions and the special funds from government budgets set aside for supporting SMEs, etc.
More....
posted by Crazy Engineer at 7:44 PM
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