NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> NewsBrief>Guangdong
SMEs 'need more support'
Latest Updated at 2008-December-4 09:54:54
Related News
3-billion-yuan fund initiated for SMEs
Premier Wen calls for supporting SMEs
Guangdong bank to finance SMEs with 20m yuan
Guangdong SMEs in need of 1.2 trillion yuan financing
Norway to introduce green tech to Guangdong SMEs in Sep
Guangdong offers to help relocate HK SMEs
Guangdong
Industrial base becomes romantic 'matchmaker'
Taiwan firms continue to flourish in Guangdong
Guangdong awards outstanding documentary makers
Guangzhou extends mental health scheme

Small- and medium-sized enterprises (SMEs) deserve more support from the central government, business experts said in Shenzhen on Dec.2.

"We show great respect to the world's top 500 companies, but we should realize that it's the development of SMEs that could ultimately decide our economic success," Long Yongtu, secretary-general of the Boao Forum and former vice-foreign trade minister, said at a forum to discuss the development of a central business district in Shenzhen.

"The majority of SMEs are privately owned, but unless the government ends its discrimination against the private sector and gives firms fair treatment, they won't be able to develop into what we expect," Long said.

Following a tour of small firms in Guangdong province last month, Premier Wen Jiabao urged local governments to readjust and improve policies to support SMEs, which play a crucial role in "promoting economic growth, increasing fiscal revenue, providing jobs and maintaining social stability".

According to the China Association of Small and Medium Enterprises, SMEs contribute 60 percent of China's GDP but account for less than 25 percent of total bank loans and receive fewer resources from the government.

Li Yining, a top economist with Peking University, agreed that governments should help SMEs during the current difficult times, especially to reinforce their confidence and identity.

Governments should encourage large firms and investors to buy shares in SMEs that show potential, he said.

Small- and medium-sized enterprises are a key part of Shenzhen's hi-tech industry, and the local government should pay more attention to regional industrial development and try to attract high-end firms to the city, Li said.

Editor: Yan

By: Chen Hong Source: China Daily Website

Smiley face appears in the night sky

At 226.93 meters, local papercutting breaks world record

Liuxi lake attracts egrets

New Guangdong Provincial Museum to be unveiled next June

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips