More than 40 million MSMEs account for 99 per cent of all enterprises in China. Photo: Bloomberg
More than 40 million MSMEs account for 99 per cent of all enterprises in China. Photo: Bloomberg

China extends economic support for key small firms, aims to ‘deliver real results’

  • Premier Li Keqiang laid out the latest support measures for micro, small, and medium enterprises (MSMEs) during Wednesday’s State Council meeting
  • Small firms in China provide more than half of the national gross domestic product, 50 per cent of the tax revenue and 80 per cent of urban employment

Topic |   Banking & finance
More than 40 million MSMEs account for 99 per cent of all enterprises in China. Photo: Bloomberg
More than 40 million MSMEs account for 99 per cent of all enterprises in China. Photo: Bloomberg
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