Small and medium-sized enterprises (SMEs) in China are playing an increasingly important role in the economy of the country. In 2017, the contribution of SMEs to sales revenue, taxation and employment accounted for more than 60% of the national total. The Chinese government has raised the social development level of SMEs in order to promote their innovations and improve their competitiveness.
To facilitate the development of SMEs, the Ministry of Industry and Information Technology (MIIT) of China has established the Small and Medium-sized Enterprise Bureau, which provides financial and non-financial supports to enable SMEs to operate efficiently and develop sustainably.
The Small and Medium-sized Enterprise Bureau is responsible for formulating relevant laws, regulations and policies concerning SMEs, and monitoring their implementation. It also provides specific services to SMEs such as consulting on enterprise operations and management, sorting out problems in taxation and finance, and helping them obtain venture capital.
In addition, the bureau holds small and medium-sized enterprises expos to promote the exchange of business information and facilitate SMEs to expand their markets. The expos also promote cooperation among companies, research institutes, universities, science and technology parks and other parties to facilitate the technological development of SMEs.
The Small and Medium-sized Enterprise Bureau formulates development strategies for SMEs in China and issues a series of guidelines and regulations to strengthen the legal protection of SMEs. In addition, the bureau formulates policies and measures to encourage SMEs to strengthen their innovation capacity, increase employment and reduce the cost of their operations.
In order to support SMEs in obtaining venture capital, the Small and Medium-sized Enterprise Bureau funds and invests in various enterprise incubation programs. These programs provide financial, technological and human resources supports to aid the innovation and development of SMEs.
To further promote the development of SMEs in China, the Small and Medium-sized Enterprise Bureau has established a working platform to facilitate the exchange of resources and the cooperation between SMEs and large enterprises. The platform also serves as a bridge to connect SMEs with scientific research institutions and professional service companies, helping SMEs to enhance their technological capability and productivity.
In conclusion, the Small and Medium-sized Enterprise Bureau of China plays an important role in supporting and promoting the development of SMEs in the country. It formulates relevant policies and provides related services to ensure that SMEs are able to operate efficiently and remain competitive in the market. As a result, SMEs in China have made a significant contribution to the economy of the country.
