China has issued 15 specific measures to further promote stable growth, stabilize expectations, and strengthen the ability of small and medium-sized enterprises.
China has put forward 15 specific measures to further promote stable growth, stabilize expectations, and strengthen the ability of small and medium-sized enterprises to adjust structure, so as to promote the high-quality development of small and medium-sized enterprises, according to the Several Measures to Help Small and Medium-sized Enterprises to Stabilize Growth, Adjust Structure and Strengthen Capacity released recently by the Office of the Leading Group for Promoting the Development of Small and Medium-sized Enterprises under the State Council.
In view of the current difficulties in production and operation faced by small and medium-sized enterprises, the document puts forward seven measures to further promote stable growth and stable expectations, which will stimulate the vitality and confidence of market players from policy support, financing promotion, expanding demand, and ensuring the supply and price of bulk raw materials.
The government procurement project will gradually increase the reserved share for small and medium-sized enterprises to more than 40% until the end of 2023. The government will encourage large enterprises and platform institutions to publish purchase lists for small, medium and micro enterprises, carry out cross-border matchmaking activities, open up more markets and create more business opportunities for small, medium and micro enterprises.
