China is intensifying its support for small and medium-sized enterprises (SMEs) as part of its broader strategy to spur the country's economy, drive innovation, and enhance the capabilities of SMEs. According to the Ministry of Industry and Information Technology (MIIT), the support will target technological breakthroughs, digital transformation, financing, and international cooperation. Specific measures have been announced to promote the growth of innovative SMEs, "little giant" firms.
China is intensifying its support for small and medium-sized enterprises (SMEs) as part of its broader strategy to spur the country's economy, drive innovation, and enhance the capabilities of SMEs. According to the Ministry of Industry and Information Technology (MIIT), the support will target technological breakthroughs, digital transformation, financing, and international cooperation. Specific measures have been announced to promote the growth of innovative SMEs, "little giant" firms.